EQT – Oil & Gas 360

EQT reports third quarter 2024 results and announces non-operated asset divestiture

October 30, 2024

(Oil & Gas 360) – PITTSBURGH, Oct. 29, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies,

EQT plans to reverse some US natgas production curtailments in Oct – CEO

September 25, 2024

(BOE Report) – U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday. EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year lows in the spring

Texas LNG sells half of capacity from upcoming Brownsville facility following Biden’s LNG export ban overturning

July 3, 2024

World Oil (WO) – Texas LNG Brownsville LLC, a subsidiary of Glenfarne Energy Transition, LLC, has signed a non-binding Heads of Agreement (“HOA”) a long-term LNG free-on-board (“FOB”) sale and purchase agreement (“SPA”) for 0.5 MMtpa of LNG from Texas LNG. “This agreement positions Texas LNG on the verge of full sell out, and we look forward to finalizing our

Texas LNG sells over half of offtake with additional LNG tolling agreement with EQT

April 25, 2024

World Oil (WO) – Texas LNG Brownsville LLC and a subsidiary of Glenfarne Energy Transition, LLC, has signed a second Heads of Agreement (HOA) with EQT Corporation for natural gas liquefaction services for an additional 1.5 MMtpa of LNG over 20 years. This transaction expands Texas LNG’s total HOA volume with EQT to 2 MTPA. With this transaction, and Texas

EQT announces non-operated asset transaction with Equinor

April 15, 2024

Oil and Gas 360 PITTSBURGH, April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised of $500

AI technology set to boost U.S. natural gas demand

April 1, 2024

Oil Price U.S. natural gas producers believe they have a role to play in providing gas for the soaring power demand from data centers and AI technologies. While most large technology corporations seek solar or wind capacities to power their AI developments and data centers, renewables alone would not be enough to cover the growing demand for electricity, executives have

U.S. gas producer optimistic despite very low natural gas prices

March 26, 2024

Oil Price Despite multi-year low natural gas prices in the United States, domestic producers continue to be optimistic about the long-term prospects of gas as a fuel, both in America and abroad. The current oversupply in the U.S. natural gas market is set to ease in the coming months as many operators are curtailing production in response to the February

EQT announces transformative acquisition of Equitrans Midstream

March 11, 2024

Oil and Gas 360 03/11/2024 Creates America’s only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap with EQT’s core upstream operations and existingmidstream assets Reduces EQT’s long-term corporate free cash flow breakeven(1) to less than $2

EQT announces strategic production curtailment

March 4, 2024

Oil and Gas 360 PITTSBURGH, March 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to the current low natural gas price environment resulting from warm winter weather and consequent elevated storage inventories. The Company expects

Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt

February 7, 2024

World Oil (Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday that the decision was designed to secure support at the ballot box. “Let’s call this what it is: the Biden

EQT announces tolling agreement with Texas LNG

January 12, 2024

Oil and Gas 360 January 11, 2024 PITTSBURGH, Jan. 11, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it has entered into a Heads of Agreement (“HOA”) for liquefaction services from Texas LNG’s facility in Brownsville, Texas to produce 0.5 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation

EQT declares quarterly cash dividend

July 20, 2023

Oil and Gas 360 PITTSBURGH, July 19, 2023 /PRNewswire/ — EQT Corporation (NYSE: EQT) today declared a quarterly cash dividend of $0.15 per share, payable on September 1, 2023, to shareholders of record at the close of business on August 9, 2023. Investor Contact: Cameron Horwitz Managing Director, Investor Relations & Strategy 412.395.2555 Cameron.Horwitz@eqt.com About EQT Corporation EQT Corporation is a

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