Operator · Cline Shale, Marcellus Shale & Permian Basin
EQT Corp
80 articles mentioning EQT Corp · Page 2 of 4
EQT 2Q20 Results: Cuts Debt Load by $400MM, 1.0 Bcfe/d Production Curtailed
EQT Corp. reported its results for the second quarter 2020. 1.0 Bcfe/d of production Curtailed. On May 16, 2020, EQT made the strategic decision to temporarily curtail approximately 1.4 Bcfe per day of gross production, equivalent...
EQT Curtails Production Until July; No Changes to Full-Year 2020 Estimates
EQT Corp. has moved to temporarily curtail approximately 1.4 Bcfe per day of gross production, equivalent to approximately 1.0 Bcfe per day of net production, beginning on May 16, 2020. Assuming production remains curtailed at this...
EQT Corp. First Quarter 2020 Results
EQT Corp. announced financial and operational performance results for the first quarter 2020. First Quarter Highlights: Delivered sales volumes of 385 Bcfe or 4.2 Bcfe per day, 20 Bcfe above midpoint of first quarter guidance Total...
EQT : Prelim Q1'2020; Production Up; Adds 2021 Hedge Position 40%
EQT provided an update on its Q1'20 results. Production Sales volume averaged 380-385 Bcfe, exceeding the highend of the guidance range and up 2.4% vs 4Q'19 Average differential of ($0.20) - ($0.15) per Mcf, in-line with...
EQT Inks Three-Year Electric Frac Deal with US Well Services Inc.
U.S. Well Services Inc. has executed a long-term contract to provide electric hydraulic fracturing services for EQT Corp. U.S. Well Services will provide a dedicated electric hydraulic fracturing fleet to support EQT’s completions activity for three...
Appalachia Operators Keep Capex Unchanged; Employ New Strategy
E&Ps that are focused on the Marcellus and Utica plays in the Appalachian region are reporting changes to their midstream gas gathering contracts in response to the increased market volatility. What is even more interesting is...
EQT Lowers Capex, Cuts Expenses; Revises MIdstream Agreements
EQT Corp. announced a further reduction to its 2020 capital expenditure guidance. EQT has reduced development activity in its Ohio Utica operations, lowering its expected 2020 capital expenditures by approximately $75 million to $1.075 - $1.175...
Operators Adopting Electric Frac Crews in 2020 Dev. Programs
More and more North East E&Ps are moving to Electric Frac Crews as a part of the frac spread mix. Range Resources recently signed an agreement with U.S. Well Services for a electric fleet in 2020....
Appalachian 2020 E&P Activity Tracker: Wells Planned, Capex Budgets
Cabot Oil & Gas released its preliminary 2020 spending and the details are what we expected. The company is opting to deploy its "maintenance" plan, which calls for $575 million in capex (a 20% decrease vs....
EQT to Impair Marcellus Assets at $1.6 Billion; Revises 2020 Capex Program
EQT Corp. has provided an update on 4th quarter results and a revised look at 2020. The company said during the 4th quarter it expects to incur an impairment charge between $1.4 billion and $1.8 billion...
EQT Taps Consol Exec as New CFO
EQT Corp. has appointed David Khani as chief financial officer, effective January 3, 2020. As anticipated, Kyle Derham, who has been serving as the company's interim chief financial officer, will remain with EQT in an executive...
EQT Corp. Talks 2020 Plans; Reports Q3 2019 Results
EQT Corp. reported its Q3 results as well as its preliminary plans for 2020. 2020 Plan Highlights: Sales volumes of 1,450 - 1,500 Bcfe, roughly flat to 2019 expected sales volumes Capital expenditures of $1.30 -...
EQT Cutting 23% of Workforce; Eliminating 196 positions
It's a sad day at EQT today. The company said in a press release that it is cutting 23% of its workforce or 196 positions. The company hopes to save $50 million in annual general and...
Appalachian E&P; What to Expect in Second Half 2019
After combing through the Q2 2019 annoucements from Appalachian focused E&Ps, below are some interesting trends. 1. All E&Ps already spent more than 50% of their 2019 budgets so expect activity to slow in the later...
EQT Ups Drilling & Completion Plans for 2019; New CEO
EQT Corp., now under new management, reported its Q2 results. Here are the main points. 1. Toby Rice took over from Rob McNally as CEO. 2. Production for the quarter was 370 Bcfe, which represents a...
Toby Rice Takes Control of EQT; McNally Out
EQT Corp. has reported the results from the meeting of its shareholders, which have resulted in big changes to the company thanks to the proxy battle between the Rice brothers and EQT's former management. Shareholders have...
EQT's Q1 Spend Down 22% YOY, Drilling Dips Slightly; Improves Drill Days, Frac Stages Up 30%
EQT Corp. reported its Q1 2019 results. The highlights are below. The company is still in an ongoing proxy battle with the Rice brothers over control of the company. Q1 Spending Down 22%; Drilling Only Down...
Rice Brothers Drop Lawsuit Against EQT
After filing a lawsuit against EQT Corp. on April 25th, Rice Energy founders Toby Z. Rice and Derek A. Rice dropped the suit after being informed by EQT that it has removed its requirement that the...
Rice Founders Claim EQT Attempting to Thwart Proxy Battle; Files Lawsuit
The proxy battle between EQT Corp. and Rice Energy's founders continues. On April 25, 2019, Toby Z. Rice filed a lawsuit in Pennsylvania State Court against EQT and its Board of Directors. The lawsuit seeks to...
Rice Brothers Vying for More Control of EQT Amidst Growing Tension
Rice Energy founders Toby Z. Rice and Derek A. Rice, now shareholders of EQT Corp., are continuing the push to regain more control over the company and its board of directors. As a result, the Rices...