Eqt

EQT Corp. started the year strong, once again turning in record natural gas production and gathering volumes as it continued to navigate through the commodities downturn during the first quarter.

EQT Corp. started the year strong, once again turning in record natural gas production and gathering volumes as it continued to navigate through the commodities downturn during the first quarter.

An Appalachian-focused exploration and production start-up headquartered in Western Pennsylvania has received a $250 million investment from the energy- and resources-focused private equity firm Denham Capital Management LP.

EQT Corp. said Monday that it plans to spend $1 billion on exploration and production (E&P) next year, mainly on Marcellus Shale drilling, but it also budgeted for a five well deep Utica Shale program following successful results in southwest Pennsylvania earlier this year.

TheInterior Department’sOffice of Natural Resources Revenue(ONRR) has assessed a $43,040 civil penalty onEQT Production Co., formerlyEquitable Production, for failure to report production on its oil and gas operations. According to ONRR Director Greg Gould, the civil penalty stems from a Feb. 24, 2011 notice of noncompliance that ONRR issued to the company. The Pittsburgh, PA-based company, which has offices in Charleston, WV, may request a hearing on the civil penalty. EQT is one of the fastest-growing exploration and production companies in the Appalachian region.

Thirteen days after Pennsylvania Gov. Tom Corbett signed a controversial drilling bill into law, the debate over how it will affect Marcellus Shale development took a new turn when EQT Corp. filed a lawsuit against 69 landowners and a golf course in Allegheny County, PA.