EQT Corp

Allegheny County | CONSOL Energy | Energy Companies | EQT Corp | Lease & Royalty Payments | Pennsylvania

Pittsburgh Airport Offered $44M Shale Drilling Lease Offer
December 6, 2012December 6, 2012

The Pittsburgh International Airport is about to get a huge cash infusion from the shale drilling industry—and it’s not from more passengers passing through the terminal (although that’s happening too). The airport previously floated a request for bids to allow drilling on and under its 9,263 acres. Wednesday morning they opened bids from two drillers: CONSOL Energy and EQT. One bid offered twice the lease payment per acre of the other bid.

Here’s the bid details (and a Marcellus and Utica Shale Databook lease offer map to provide context):

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Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream

EQT Unveils 2013 Plans for Marcellus & Utica Shale
December 4, 2012December 4, 2012

EQT Corporation, with major drilling and pipeline projects in both the Marcellus and Utica Shale, released their 2013 crystal ball today (i.e., their 2013 “operational forecast”). According to the plan, EQT will spend $820 million to drill 153 Marcellus Shale wells in 2013, and $40 million to drill 8 liquids-rich Utica Shale wells. They’re also spending $320 million on various midstream (pipeline) projects too.

The full EQT forecast for 2013:

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Air Quality | Energy Companies | EQT Corp | Greene County (PA) | Industrywide Issues | Pennsylvania | Regulation

Marcellus Drillers Drop Flaring, Adopt “Green Completions”
November 27, 2012November 27, 2012

The federal Environmental Protection Agency (EPA) approved new rules earlier this year (that is, created new laws by fiat that no one has the guts to oppose) requiring all oil and gas drillers nationwide to use so-called “green completions” by the year 2015. What are green completions?

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Air Quality | Energy Companies | EQT Corp | Industrywide Issues | West Virginia | Wetzel County

EQT Converts 2nd Drilling Rig in WV Marcellus to Run on LNG
October 5, 2012October 5, 2012

EQT was the first driller in the Marcellus to convert electrical generators used at a drilling site to burn liquefied natural gas, or LNG (see this MDN story). EQT announced yesterday they’ve commissioned a second drilling rig, located in West Virginia (as was the first converted rig) to be converted to the new LNG technology.

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Allegheny County | Education | Energy Companies | EQT Corp | Industrywide Issues | Jobs | Pennsylvania

Pittsburgh College – Certificate in Energy Land Administration
July 30, 2012July 30, 2012

The Community College of Allegheny County (CCAC) in Pittsburgh has developed a new certificate program in Land Administration in cooperation with drilling company EQT Corp. Land administrators make an average annual salary of $60,000 and work in an energy company’s land records, division orders or contracts area to protect the company’s oil and gas assets (leases, rights-of-way and wells).

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Clearfield County | Energy Companies | EQT Corp | Industrywide Issues | Pennsylvania | Violence

Protesters Illegally Shut Down Drilling Rig in Central PA
July 9, 2012December 19, 2012

Protesters have illegally shut down an EQT drilling rig in Moshannon State Forest in central Pennsylvania. The rig was in the process of being commissioned (just getting started) and protesters blocked the road trucks were using to access the rig.

In addition to blocking the road, two protesters sat 75 feet up on a tree platform connected to a cable stretched across the road. If a truck cut through or snagged the cable, it would cause the demented protesters to fall out of the tree platform. That’s how sick these people are.

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Air Quality | Energy Companies | EQT Corp | Industrywide Issues

EQT Converts Marcellus Drilling Rigs to Run on LNG
July 6, 2012December 19, 2012

Drilling rigs take a lot of horsepower to run, and the engines that run them are big and use a lot of fuel. That fuel is typically diesel, and the emissions may (or may not) cumulatively contribute to air pollution if there are enough drilling rigs in a particular region. At least that’s the contention of the federal EPA.

EQT, in a public relations coup, is the first to start converting its Marcellus Shale drilling rigs from running on diesel to running on liquefied natural gas (LNG). LNG has a couple of advantages: it costs about 40% less than diesel, and it pollutes less when burned. EQT’s first conversion is a rig operating in northern West Virginia.

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Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream

EQT Midstream IPO Rakes in the Cash
June 27, 2012June 27, 2012

EQT Corp, one of the larger drillers in the Marcellus and Utica Shale, has spun off its midstream (pipeline and processing plant) operations into its own company. Shares of the new EQT Midstream started selling yesterday in an initial public offering (IPO), and today those shares will start to be publicly traded on the New York Stock Exchange (ticker symbol EQM).

What does it mean? It means EQT’s midstream activities will have a nice new pot of cash to expand with—somewhere around $260 million (put another way—over a quarter of a billion dollars). EQT’s drilling activities will now be serviced by a bigger, more robust midstream operation to get their gas to market.

From the EQT press release:

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Accidents | Energy Companies | EQT Corp | Greene County (PA) | Industrywide Issues | Pennsylvania

Diesel Fuel Spill at Drilling Site in Green County, PA
March 7, 2012March 7, 2012

Last December, about 480 gallons of diesel fuel leaked onto the ground at a well site in Patterson Run (Greene County), PA. EQT, the driller at the site, notified the state DEP and the National Response Center. The spill was quickly cleaned up, within 24 hours, and there were no environmental impacts following the spill. However, local officials are only just now learning about the spill, and that makes them upset.

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Anadarko | Chesapeake Energy | Chevron | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Range Resources Corp | Seneca Resources | Shell | Talisman Energy

Pennsylvania’s Top 10 Marcellus Drillers in 2011
February 27, 2012February 28, 2012

NOTE: The facts and figures below were cited from a Pittsburgh Tribune-Review article. MDN has been contacted by several of the drilling companies in the list to let us know the numbers in some cases are not at all accurate. MDN is attempting to verify now (Feb 28) and will correct these numbers as soon as the raw data can be further analyzed.

In 2011, Marcellus drilling expanded exponentially in Pennsylvania. According to the PA Department of Environmental Protection (DEP), companies drilled 2,755 Marcellus shale gas wells in Pennsylvania in 2011, up from 1,386 in 2010. That’s nearly a 200 percent increase (or doubling) in one year alone.

Below are the top 10 Marcellus drillers in Pennsylvania ranked by amount of gas produced. Included are some other bits of information (PA figures only) to give you an idea of the size and scope of that company’s operation in the PA Marcellus. (mcf = thousand cubit feet)

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Energy Companies | EQT Corp

EQT Production Up 44% in 2011, Suspends Huron Shale Drilling
January 27, 2012January 27, 2012

Pittsburgh-based EQT Corp. released 2011 results yesterday. Because of the prolific gas volumes in the Marcellus Shale, EQT reports production for natural gas was up an astonishing 44 percent over 2010. Some 42 percent of EQT’s production is from the Marcellus, which was up 18.9 percent last year.

EQT reports drilling 222 gross wells in 2011, 105 of them in the Marcellus Shale and 115 in the Huron Shale. The Huron is located mostly in western West Virginia, with very small slices in Ohio, Kentucky and Virginia. Because of slumping prices for natural gas, EQT has announced they are suspending drilling in the Huron and instead will concentrate on the liquids-rich portion of the Marcellus.

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Energy Companies | EQT Corp

EQT Bets the Farm on the Marcellus Shale
December 20, 2011December 20, 2011

EQT is betting big on the Marcellus for 2012 and will spend 80 percent of its upstream budget on Marcellus Shale development in 2012.

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Chesapeake Energy | Chevron | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Pennsylvania | Range Resources Corp | Statewide PA | SWEPI | Talisman Energy

Top 7 Marcellus Shale Gas Producers in PA
October 3, 2011October 3, 2011

Who are the biggest producers of Marcellus shale gas in Pennsylvania so far this year? Below is the list of the top seven as compiled from production numbers by the Pittsburgh Business Times.

The following are production numbers for January to June 2011 in Pennsylvania.

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Energy Companies | EQT Corp | Greene County (PA) | Industrywide Issues | Pennsylvania | Pipelines | Statewide WV | West Virginia

EQT Starts Construction on New Pipeline in WV/PA
September 22, 2011September 22, 2011

EQT has received federal approval to construct a new natural gas pipeline that will reach from West Virginia into Pennsylvania, and will begin construction immediately:

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Economic Impact | Energy Companies | EQT Corp | Industrywide Issues | Pennsylvania | Statewide PA | Washington County

How Much Does it Cost to Drill a Single Marcellus Well? $7.6M
September 7, 2011September 7, 2011

A new 92-page study just released by the University of Pittsburgh (copy embedded below) takes a realistic look at the direct costs, and economic impacts, of drilling a single Marcellus Shale gas well. The study, called the “Economic Impact of the Value Chain of a Marcellus Shale Well,” looked in depth at an EQT-drilled well in Washington County, PA. Undergraduate and graduate students from Pitt found that a single well had direct costs of more than $7.6 million. Or think of it this way: More than $7.6 million is invested in a local community, on average, for each and every well drilled.

The costs to drill a well break down this way:

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Allegheny County | Energy Companies | EQT Corp | Industrywide Issues | NG Vehicles | Pennsylvania

New Compressed Natural Gas Filling Station Opens in Pittsburgh – How Does $1.85 per Gallon (Gas Equivalent) Sound?
July 15, 2011July 15, 2011

Giant Eagle, a grocery and convenience store chain with 222 stores in western PA, Ohio and West Virginia, has just opened the first of three compressed natural gas (CNG) filling stations in the Pittsburgh area. The company is planning to replace its entire truck fleet (over 200 trucks) with CNG trucks in the coming years. The best part: How does paying $1.85 a gasoline-equivalent gallon grab you? Yes, CNG vehicles cost more (and right now only Honda in the U.S. makes one), but as the infrastructure is built, more auto manufacturers are likely to start making CNG vehicles.

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