EQT Corp. CEO Toby Rice told an industry audience in Pittsburgh on Wednesday that “shale works,” insisting that the country’s leading unconventional oil and gas producers will increasingly demonstrate the economics of their assets and more consistently deliver stronger returns as the investment community pushes for better results.
Articles from Rice
EQT’s New Rice Team Cutting Drilling, Mulling Asset Sales
Change seemed imminent earlier this month when CEO Toby Rice took the helm at EQT Corp., but under his management the company is drastically overhauling how it spends money and in the process redefining how active the nation’s largest natural gas producer will be going forward.
Rice Brothers Take Control of EQT in Stunning Victory as Shareholders Elect Nominees
With an overwhelming majority of shareholders backing their plans to remake EQT Corp., the next step for Toby and Derek Rice is execution, financial analysts said Wednesday.
EQT Says on Track to Deliver Another Solid Quarter as Shareholder Vote Nears
EQT Corp. said this week second quarter production would come in at the high end of the company’s 355-375 Bcfe guidance for the period, while 2019 capital expenditures are also expected to decline.
NGI The Weekly Gas Market Report
EQT Unloads on Rice Brothers, Says Board Not a ‘Friends and Family’ Club
EQT Corp. dug in this week, rejecting nine board nominees put forward by Rice Energy co-founders Toby Rice and Derek Rice, calling the brothers’ campaign nothing more than an attempt to promote the family’s interests.
NGI The Weekly Gas Market Report
EQT on Offense Against Rice Revolt with Strong Quarterly Results
Appalachian pure-play EQT Corp. on Thursday increased 2019 guidance by 10 Bcfe, even after dropping three rigs during the first quarter to drill fewer wells this year, all at no expense as the company remains focused on improving results in the face of a shareholder revolt.
EQT Touts Progress to Strengthen Natural Gas Juggernaut
EQT Corp. said it made significant progress in the first quarter on a strategic plan initiated late last year to generate more value and stave off an attempt by shareholders Toby and Derek Rice to take over the company, now the nation’s largest gas producer.
Rice Midstream Fined $1.5M by Pennsylvania DEP
The Pennsylvania Department of Environmental Protection (DEP) has fined Rice Midstream Holdings LLC $1.5 million for pipeline violations in Greene County that resulted in sediment discharges into local waterways.
War of Words Continues in Battle for Control of EQT
The proxy war that’s swirled in recent months around the largest natural gas producer in the Lower 48, EQT Corp., continued on Thursday as CEO Robert McNally dug in further and again dismissed Toby and Derek Rice’s latest assertions, saying their plans to take over the company are “based on flawed assumptions, selective data and an incomplete and misleading story.”
EQT Balks at Rice Brothers Pitch as Proxy Fight Continues
Toby and Derek Rice continued their quest for control of EQT Corp. on Tuesday, telling shareholders during a conference call that they could easily extract more value from the company’s massive Appalachian position because they’ve done it before. EQT again disagreed.