Yesterday MDN reported that EQT is buying another 60,000 Marcellus/Utica acres (along with buying out Trans Energy) in transactions totally $683 million (see EQT Buys Trans Energy + 60K Marc/Utica Acres in 2 Deals for $683M). One of our favorite Seeking Alpha analyst/authors, Richard Zeits, has done a deep dive into the deal. Zeits reports the deal works out to be $9-$10,000 per acre on average, which is in line with other recent deals of this type. Here is some of Zeit’s insightful research commentary…
Yesterday MDN reported that EQT is buying another 60,000 Marcellus/Utica acres (along with buying out Trans Energy) in transactions totally $683 million (see 