EQT is in Love with the Utica – Comments from Analyst Call

On yesterday’s fourth quarter and full year 2015 analyst phone call, EQT’s upper management positively gushed with affection for the Utica Shale. Steve Schlotterbeck, president of exploration and production for EQT, said, “…we expect the Utica returns in the core area will be competitive with or better than the core Marcellus, and we will work on a plan to include Utica in our future development plans.” Meaning what? EQT will drill fewer Marcellus and more Utica wells? That seems to be the implication. Here’s more of what Steve had to say about the Utica on yesterday’s call…

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