Marcellus and Utica Shale driller EQT Corporation issued their third quarter financial and operations update today, and wow, what an update! The company reports 3Q13 revenue was up 177% over 3Q12. Also of note: Marcellus production has hit 787 million cubic feet per day (Mmcf/d), which is up 74% from last year. Production from all of EQT’s drilling is now producing an average 1 billion cubic feet of natural gas per day.
Production is up. Revenue is up. Midstream is up. Everything appears to be looking up for EQT…
