EQT Finally Completes Acquisition of Tug Hill and XcL Midstream

Nearly one year after EQT announced a deal to buy privately-owned Tug Hill Operating’s West Virginia shale assets for roughly $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion), the deal is finally done. EQT announced yesterday it had closed on the purchase (revised price ~$4.6 billion), adding roughly 90,000 acres…

The post EQT Finally Completes Acquisition of Tug Hill and XcL Midstream first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.