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Armed with Rice Deal, EQT Eyes Longer Lateral Marcellus Wells, DUC Completions
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[Summary: At its Q2 conference call, EQT's primary focus was on its recent Rice acquisition.
EQT announced its acquisition of Rice Energy during Q2 and expects the transaction to close in Q4. From this acquisition, EQT will gain: 187,000 PA Marcellus acres, increasing the company's overall amount to ~1 million acres 65,000 OH Utica acres 1.3 Bcfe/d current production on the acquisition acreage Targeting technology Rice's technology on engineered completions where it would select better parts of rock based on a log rather than perforating every 40 feet With the Rice acquisition, EQT is finished making any significant purchases for the foreseeable future. It may acquire small acreage positions to fill in holes here and there but does not plan on making any major acquisitions in the near…- ✓ Full news archive — U.S., Canada & international coverage
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