Olympus Energy Sale to EQT Results in 105 Layoffs at Leviathan

A few weeks ago, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) is buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5 Bcf/d). Olympus uses another company, Leviathan Energy, to manage operations and provide other services. Leviathan filed a WARN notice with the Pennsylvania Department of Labor & Industry that all of its 105 employees will be laid off in July, and the company is closing down because of the sale to EQT.

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