EQT Disses Haynesville in Jab at Chesapeake/Southwestern Merger

EQT Corporation, the largest natural gas producer in the U.S. (100% focused on the Marcellus/Utica), released its first quarter 2024 update yesterday. The company produced 5.87 Bcf/d (billion cubic feet per day) of natural gas in 1Q. Executives said they will continue the current curtailment (reduction) of 1 Bcf/d, in place since late February, until at least the end of May. A major focus of CEO Toby Rice's comments is the coming demand for natgas from gas-fired power plants in the Southeastern U.S. Among the bigger pieces of news is that once EQT buys out and merges back in Equitrans (which it used to own), EQT plans to expand the Equitrans-owned Mountain Valley Pipeline (MVP) by another 0.5 Bcf/d.

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