EQT Corp. (EQT) to Acquire Additional Marcellus Acreage
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EQT Increases Its Core Marcellus Acreage Position
October 25, 2016 8:51 AM EDTAcquiring Approximately 60,000 acres for $683 million in concurrent transactions
PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT), today, announced that it has signed definitive agreements, in related transactions, to acquire additional core Marcellus acreage, consisting of -- 42,600 net acres and current natural gas production of approximately 42Â MMcfe per day from Trans Energy, Inc. (Trans Energy) and entities affiliated with Republic Energy (Republic) for an aggregate purchase price of $513 million; and 17,000 net acres and current natural gas production of approximately 2 MMcfe per day from a third-party for $170 million. The transactions are expected to close by... More