Trump FTC Looks to Cancel Biden FTC Consent Order re EQT & Tug Hill

In September 2022, EQT announced a deal to buy privately owned Tug Hill Operating’s West Virginia shale assets (90,000 acres and 800 MMcf/d of production in West Virginia) for roughly $5.2 billion (see Confirmed: EQT Buys Tug Hill’s THQ Appalachia for $5.2 Billion). The deal was finally completed nearly one year later (see EQT Finally Completes Acquisition of Tug Hill and XcL Midstream). The deal took so long to close because the Bidenistas at the Federal Trade Commission (FTC) got involved (see Bidenistas at FTC Probing EQT Deal to Buy Tug Hill’s WV Assets). The left-wing Pennsylvania Attorney General also got involved. The Bidenistas and PA AG demanded changes to the deal terms (see EQT/Tug Hill Deal Came Only After PA AG, FTC Changed Deal Terms).

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