EQT - EQT Inks Non-Operated Asset Deal With Equinor: Details | Benzinga
Equinor ASA (NYSE:EQNR) and EQT Corporation (NYSE:EQT) shares are trading lower after the companies signed an asset sale agreement.
EQT inked a deal with Equinor USA Onshore Properties and their affiliates to sell an undivided 40% stake in its non-operated natural gas assets in Northeast Pennsylvania for $500 million of cash and upstream and midstream assets.
The assets represent around 225 MMcf/d of forecasted 2025 net production.
The assets EQT will receive in the transaction include ~26,000 net acres in Monroe County, Ohio (2025 net production of ~135 MMcfe/d) and ~10,000 net ...