EQT Corp. submitted a $750 million bid for Chevron’s natural gas assets in the Appalachian Basin and a stake in a natural gas pipeline, according to Reuters.
At this time, there is no guarantee the offer will lead a sale to EQT or another company. Both companies declined to comment on EQT’s offer.
Chevron has been marketing 890,000 acres in the Marcellus and Utica shales in Pennsylvania, West Virginia and Ohio and a 31% non-operating interest in Laurel Mountain Midstream that serves part of the Marcellus Shale area.
Learn more: Kallanish Energy > EQT seeks Chevron’s Appalachian Basin assets: Reuters
This post appeared first on Shale Gas Reporter.