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EQT Makes $750MM Bid for Chevron's Marcellus / Utica Assets

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   |    Friday,September 18,2020

EQT Corp. has bid ~$750 million for Chevron Corp.'s Appalachian asset portfolio, according to a report by Reuters.

Late last year, Chevron announced it was mulling the sale of its gas-heavy assets following a hefty impairment charge it logged in December 2019.

Chevron's Appalachian Assets

Chevron has nearly 900,000 net acres in the Marcellus / Utica as well as ~1,300 drilling locations.


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