EQT Sheds Divisions/Assets to Focus on Marcellus Shale

In a shareholders meeting held Wednesday at EQT Corp in Pittsburgh, the company laid out a strategy of focusing on drilling for shale gas in southwestern PA. That means they will continue to divest from other businesses, like their Equitable Gas utility company (waiting for regulatory approval to sell it), and the sale of their coalbed methane acreage in Virginia.

EQT plans to focus like a laser on the Marcellus Shale:

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