One-Page Deal Sheet
EQT Swaps/Gets Permian Acreage From Range Resources
EQT Corp Range Resources Corp
Announced Date
April 30,2014
Close Date
June 16,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
145
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Glasscock ,Sterling
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Initial Announcement - April 30, 2014
EQT will receive approximately 73,000 net acres in the Permian Basin, most of which is held by production, along with approximately 900 producing wells in Glasscock and Sterling Counties, Texas. This Permian Basin acreage has multiple horizontal, stacked pay drilling opportunities in the Upper Wolfcamp, Lower Wolfcamp, and Cline horizons.
During 2014, EQT expects to drill two horizontal wells on the newly acquired acreage, with tentative plans to drill 20 – 30 horizontal wells in 2015. The existing wells, most of which are vertical, are currently…
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