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 was finally completed in August (see EQT Finally Completes Acquisition of Tug Hill and XcL Midstream). Both EQT and Tug…
Read More...New shale permits issued for Aug 14 – 20 in the Marcellus/Utica finally turned around. There were 27 new permits issued last week, way up from the 10 issued the prior week. Last week’s permit tally included 21 new permits in Pennsylvania, 2 new permits in Ohio, and 4 new permits in West Virginia (after…
Read More...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…
Read More...We should have known there was a price to pay, a “pound of flesh” to be exacted, when we read the announcement that the Bidenistas of the FTC (Federal Trade Commission) had approved EQT’s deal to buy Tug Hill’s West Virginia assets. Two days ago, EQT issued a press release to announce the deal had…
Read More...Last September, EQT Corporation announced it was buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). However, the Bidenistas at the Federal Trade Commission (FTC) got involved slowing down the deal. Because of the FTC dragging its feet, EQT and Tug…
Read More...EQT Corporation, the largest natural gas producer in the United States, issued its second quarter 2023 update yesterday. There was loads of news. The company reported a new world record of drilling 18,200 feet in 48 hours for a single well in Green County, PA. Also of note, CEO Toby Rice and newly appointed CFO…
Read More...New shale permits issued for May 8-14 in the Marcellus/Utica rose from the prior week. There were 26 new permits… Continue reading The post 26 New Shale Well Permits Issued for PA-OH-WV May 8-14 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see… Continue reading The post EQT Seeks to Extend Note Redemption Extra 6 Mos. for Tug Hill Deal first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...New shale permits issued for Feb. 13-19 in the Marcellus/Utica remained elevated last week. There were 35 new permits issued… Continue reading The post 35 New Shale Well Permits Issued for PA-OH-WV Feb 13-19 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...New shale permits issued for Feb. 5-12 in the Marcellus/Utica increased nicely last week. There were 40 new permits issued… Continue reading The post 40 New Shale Well Permits Issued for PA-OH-WV Feb 6-12 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last September, EQT Corporation announced it is buying privately-owned Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see… Continue reading The post EQT $5.2B Deal to Buy Tug Hill Extended Additional Year to Close first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last week (Dec. 5-11), the number of permits issued to drill new shale wells in the Marcellus/Utica dropped by one… Continue reading The post 20 New Shale Well Permits Issued for PA-OH-WV Dec 5-11 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...In September, EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed:… Continue reading The post Bidenistas at FTC Probing EQT Deal to Buy Tug Hill’s WV Assets first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Something of an improvement from last week’s new permits report when there were only 11 new permits. For the week… Continue reading The post 28 New Shale Well Permits Issued for PA-OH-WV Oct 24-30 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...In September, EQT Corporation announced it is buying Tug Hill Operating’s West Virginia shale assets for $5.2 billion (see Confirmed:… Continue reading The post A Closer Look at EQT’s $5.2B Purchase of Tug Hill’s THQ Appalachia first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...