On Friday, EQT Corporation released updated numbers for their estimated ultimate recovery (EUR) rates in the Marcellus Shale, along with a new analyst presentation (full copy embedded below). EQT says the average well in southwest PA and WV will produce close to 10 billion cubic feet of natural gas per well over their lifetimes, while wells in central PA will produce around 6 1/2 billion cubic feet on average. The EUR numbers are up from previous estimates.
EQT owns 560,000 acres of leases in the Marcellus Shale on which they plan to drill >2,800 wells. Here’s the press release and analyst presentation: