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EQT Hits Record Marcellus Volumes; Reiterates 2016 Guidance
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EQT has reported its 4Q15 and full-year 2015 results.
Highlights for 2015: EQT Production achieved record production sales volume of 603.1 Bcfe for 2015, representing a 27% increase over 2014. Approximately 84% of total production sales volume was from horizontally drilled Marcellus wells. Midstream gathered volume was 28% higher Transmission throughput was 18% higher Cash balance at year-end was $1.25 billion (excluding EQM) Access to an undrawn $1.5 billion unsecured revolver The Company reiterates its 2016 guidance for production sales volume of 700 - 720 Bcfe 2016 Capex of $1.0 Billion The Company plans to drill 72 Marcellus wells - all of which will be on multi-well pads to maximize operational efficiency and well economics. The Company also plans to drill five deep Utica wells and…- ✓ Full news archive — U.S., Canada & international coverage
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