EQT turned in a report on the first quarter of 2013 today and the numbers are excellent. Marcellus Shale production for the company rose 103% over the same period last year. Midstream volumes are up, revenue is up, profits are up. Hey, it’s all looking up for EQT!
EQT had 79.4 billion cubic feet of natural gas production in the Marcellus Shale for 1Q13–they’re closing in and will soon become the second member of the 1 Bcf/Day Club (Cabot is already in the club). Here’s the EQT report issued this morning: