EQT - EQT Reportedly Eyes $3B Marcellus Shale Selloff - Aiming High For Financial Revival? | Benzinga
EQT Corporation (NYSE: EQT) is reportedly considering the divestiture of various minority interests in wells located within Pennsylvania's Marcellus shale region, potentially valued at over $3 billion.
EQT is working with an investment bank to auction the stakes, known in the energy industry as "non-operating" interests, Reuters reported, citing anonymous sources.
Non-operating positions give holders a cut from the hydrocarbons sold without taking control of drilling or other operations, although they must contribute their share of costs, the Reuters report added.
EQT ...