One-Page Deal Sheet
EQT Snags 62,500 West Virginia Marcellus Acres From Statoil
EQT Corp Equinor
Announced Date
May 02,2016
Effective Date
December 01,2015
Close Date
July 08,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
407
Asset/Basin:
{Appalachian,Marcellus,Utica}
TargetZones:
{"Marcellus Shale","
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
West Virginia
County
Wetzel ,Tyler ,Harrison
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Quick Read:
Deal Value : $407 Million
Location : WV (Wetzel, Tyler, and Harrison Counties)
Production : 50 MMcfe/d
Price / Acre (not including production) : $6,400/acre
Buyer : EQT Corporate
Seller : Statoil
Other : (31 Marcellus wells)
EQT Corporation announced that it has signed a definitive agreement to acquire 62,500 net acres, and current natural gas production of 50 MMcfe per day from Statoil USA Onshore Properties, Inc. (Statoil) for $407 million, the transaction is set to close on or about July 8, 2016.
Primarily located in Wetzel, Tyler, and Harrison Counties of West Virginia, the…
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