Drilling & Completions | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Drilling Activity
EQT Sees +83% Jump in Production YOY at 4,068 Mmcfe/d; Will Slow Completions in Q4
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EQT Corp. reported its Q3 2018 results.
Highlights:
- EQT has seen an +83% increase in production YOY at 4,068 Mmcfe/d (compared to 2,229 Mmcfe/d).
Production Mix
Well Statistics
- EQT is slowing down completion activity in Q4 (will be a decrease of about half compared to Q3).
2018 Guidance
| PRODUCTION | Q4 2018 | Full-Year 2018 | ||
| Total production sales volume (Bcfe) | 365 - 385 | 1,460 - 1,480 | ||
| Liquids sales volume, excluding ethane (Mbbls) | 2,270 -2,370 | 11,270 - 11,570 | ||
| Ethane sales volume (Mbbls) | 1,330 - 1,430 | 5,460 - 5,760 | ||
| Total liquids sales volume (Mbbls) | 3,600 - 3,800 | 16,730 - 17,330 | ||
| Marcellus / Utica Rigs | 9 - 11 | |||
| Top-hole Rigs | 2 - 4 | |||
| Frac Crews | 6 - 8 |
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