One-Page Deal Sheet
EQT Sell Remaining NorthEast PA Gas Assets For $1.2 Billion
Equinor EQT Corp
Announced Date
October 29,2024
Effective Date
December 31,2024
Close Date
December 31,2024
Transaction Type
Asset
Enterprise Value (EV)($MM)
1250
Asset/Basin:
["Appalachian Basin", "Marcellus Shale"]
TargetZones:
["Marcellus Shale",
Transaction Details: Subscribe to see
EQT announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and Equinor Natural Gas LLC to sell the Company's remaining interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 350 MMcf/d of forecasted 2025 net production.
Consideration for the transaction is $1.25 billion of cash, subject to customary purchase price adjustments, which the Company intends to use towards debt repayment.
Equinor is increasing its average working interest from 25.7% to 40%. The asset is primarily operated from Expand Energy (Chesapeake &…
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