EQT Seals the Deal, Completes Olympus Energy Purchase for $1.8B

In April, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) was 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). The Olympus assets comprise what EQT described as a “vertically integrated” contiguous 90,000 net acre position, offsetting EQT’s existing core acreage in southwestern Pennsylvania with net production of approximately 500 MMcf/d (or 0.5 Bcf/d) and 717 active wells. The transaction was expected to close in the early part of the third quarter of 2025. Sure enough, it closed (on July 1, the first day of 3Q), and now, Olympus Energy is no more.

---

To view this content, log into your member account. (Not a member? Join Today!)