One-Page Deal Sheet
EQT Acquires Marcellus Shale Acerage
EQT Corp Not Disclosed
Announced Date
March 02,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
280
Asset/Basin:
{"Appalachian Basin","Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Cameron ,Clearfield ,Elk ,Jefferson
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
EQTCorp. plans to acquire approximately 58,000 net acres in the Marcellus shale in Pennsylvania from a group of private operators and landowners for approximately $280 million in stock and cash.
EQT will pay 10% in cash and the remainder in stock.
The acreage is primarily in Cameron, Clearfield, Elk and Jefferson counties. The purchase includes a 200-mile gathering system and approximately 100 producing vertical wells. Pro forma, EQT will hold more than 500,000 net acres in the Marcellus fairway.
EQT chairman and chief executive Murry Gerber says, “We are pleased to add to our substantial…
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