Just as EQT Corp. is at odds with remnants of Rice Energy, which it acquired in 2017 and became the U.S.’s largest natural gas producer, independent proxy advisory services firms have now come out on opposite sides of the ongoing proxy battle. Glass Lewis & Co. said in a report Friday EQT, under its current management
Read More...The D.E. Shaw group, a significant shareholder of EQT Corporation, continues to support the Rice team and all seven of their nominees to EQT’s Board of Directors, according to a statement the company recently issued. In its press release, the D.E. Shaw group states, “We strongly believe the Rice team’s proven track record in creating
Read More...Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s largest natural gas producer, said last week they’re reducing the size of their slate of nominees for the EQT board to seven from nine, Kallanish Energy reports. The change was motivated by EQT’s announcement
Read More...EQT Production Co. has agreed to pay more than $300,000 in civil penalties for issues at Marcellus Shale drilling sites in Mon Valley, according to the Observer-Reporter. The violations involve sediment-laden water escaping the sites and the construction of a metering station without a Pennsylvania Department of Environmental Protection permit in Forward Township, Allegheny County.
Read More...EQT Corp. is not a Mom-and-Pop natural gas producer – and can’t be run like one – the board’s independent members said, in effect, to dissident shareholders looking to insert their board nominees into the operations of the U.S.’s largest gas producer. “The Board should not be a friends-and-family club, and it is not in
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