One-Page Deal Sheet
EQT Acquires 53,400 Core Marcellus / Utica Acres in Bankruptcy Bid
EQT Corp Stone Energy Corp.
Announced Date
February 09,2017
Effective Date
June 01,2016
Close Date
February 27,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
527
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
West Virginia
County
Wetzel ,Marshall ,Tyler ,Marion
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
EQT has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica and current natural gas production of approximately 80 MMcfe per day, from Stone Energy Corp. for $527 million.
Pending final approval by the bankruptcy court at a hearing scheduled for February 10, 2017, the transaction is expected to close on or about February 28, 2017. EQT will finance the acquisition with cash-on-hand.
The acquired acres are within EQT's core liquids-rich development areas -- primarily located in the Wetzel, Marshall, Tyler, and Marion…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | - |
- |
| Dec-08-2025 | Antero Resources Acquires HG Energy II for $3.9B | - |
- |
| Apr-22-2025 | EQT Acquires Olympus Energy Assets For $1.8 Billion | - |
- |