EQT Corp. sells its remaining stake in NE PA natural gas assets to Equinor for $1.25B, increasing Equinor's production and stake.

EQT Corp. will sell its remaining stake in non-operated natural gas assets in Northeast Pennsylvania to Equinor for $1.25 billion. This acquisition will enhance Equinor's production by 350 MMcf/d by 2025 and increase its stake in the Northern Marcellus units from 25.7% to 40.7%, adding about 80,000 barrels of oil equivalent daily. The deal, expected to close in Q4 2024, requires regulatory approvals.

October 29, 2024
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