Sunday, February 23, 2025
EQT’s Annual Shareholder Meeting is Here: Two Brothers Lead Showdown With U.S. Natural Gas Giant - Oil & Gas 360

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas EQT Corporation (ticker: EQT) announced it will acquire 62,500 net acres and 50 MMcfe/day of production from Statoil’s core Marcellus stake for $407 million, subject to customary closing conditions.