EQT Corp

Energy Companies | EQT Corp

EQT Adding 125-150 New Wells, 400 MMcf/d Pipe from PA to OH in ’26
February 19, 2026February 19, 2026

EQT Corporation delivered its latest quarterly update yesterday for the fourth quarter of 2025 (and with a look at what’s coming in 2026). CEO Toby Rice opened the earnings call by emphasizing “2025 was another stellar year for EQT, one in which we were able to clearly demonstrate the power of our platform” and highlighted the company’s focus on operational excellence, financial strength, and scale. Rice stated, “Production consistently topped expectations throughout 2025, driven by compression project outperformance and robust well productivity.” Rice continued, “Winter Storm Fern created extremely challenging weather conditions over the past several weeks, but seamless coordination between our midstream, upstream, and gas marketing teams resulted in negligible impact to EQT’s production.” EQT production for 4Q25 was 609 Bcfe (billion cubic feet equivalent), or 6.62 Bcfe/d. Read More “EQT Adding 125-150 New Wells, 400 MMcf/d Pipe from PA to OH in ’26”
Energy Companies | EQT Corp

EQT’s Toby Rice Co-Founds “Energy Corps” to Address Energy Poverty
February 18, 2026February 18, 2026

Strange bedfellows

We have the deepest respect and admiration for Toby Rice, President & CEO of EQT Corporation, the largest producer of Marcellus/Utica molecules (and the second-largest producer in the U.S.). He’s been a tireless advocate for natural gas, pipelines, LNG, and our industry. Toby and Dr. Scott Tinker, Chairman of the Switch Energy Alliance, have co-founded a new organization, Energy Corps, with the mission of creating “a world where everyone has the energy needed to flourish.” That is, help alleviate energy poverty. Admirable. We can imagine such a world includes natural gas as a key component to alleviating energy poverty. But the new Energy Corps is populated (in part) with anti-fossil fuelers—from the Clean Air Council, World Bank, and Rockefeller Foundation. What’s going on? Read More “EQT’s Toby Rice Co-Founds “Energy Corps” to Address Energy Poverty”
Energy Companies | EQT Corp | Industrywide Issues | Pipelines | Regulation

Toby Rice: Pipeline Permitting Failure is the Expensive Option
February 17, 2026February 17, 2026

Toby Z. Rice, CEO of EQT

Toby Rice is President & CEO of EQT Corporation, the second-largest natural gas producer in the U.S. and THE largest producer of Marcellus/Utica gas. He has been a tireless advocate for natural gas, pipelines, and LNG exports. In a recent op-ed, Rice makes the strong case that Winter Storm Fern’s extreme natural gas price spikes exposed the urgent need for permitting reform to ensure energy reliability. We need more pipelines (and natural gas infrastructure of all kinds), and we need it NOW. In regions like the Southeast and New England, inadequate infrastructure during Fern forced prices fifty times the national average or necessitated a shift to dirtier fuels. The failure of permitting reform, which blocked new pipelines to New England, was the expensive option. It’s time to end the renewable fantasy and get back to reality. Read More “Toby Rice: Pipeline Permitting Failure is the Expensive Option”
Arsenal Resources | Ascent Resources | Belmont County | Blackhill Energy | Bradford County | Energy Companies | EQT Corp | Expand Energy | Greene County (PA) | Guernsey County | Infinity Natural Resources | Monroe County | Ohio | Pennsylvania | Taylor County | Weekly Permits | West Virginia | Wetzel County

24 New Shale Well Permits Issued for PA-OH-WV Feb 2 – 8
February 13, 2026February 13, 2026

The Marcellus/Utica region received a combined 24 new drilling permits last week, Feb. 2 – 8, up 2 from the permits issued two weeks ago. Pennsylvania issued 10 new permits, Ohio issued 10, and West Virginia issued 4. The drillers receiving new permits last week included: Arsenal Resources, Ascent Resources, Blackhill Energy, EQT, Expand Energy, and Infinity Natural Resources. Read More “24 New Shale Well Permits Issued for PA-OH-WV Feb 2 – 8”
BKV/Banpu | Blackhill Energy | Bradford County | Clearfield County | Clinton County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | EXCO Resources | Expand Energy | Formentera Operating | Frontier Natural Resources | Industrywide Issues | Lycoming County | Pennsylvania | Pennsylvania General Energy | Range Resources Corp | Regulation | Repsol | Seneca Resources | Sullivan County | Susquehanna County | Tioga County (PA) | Wyoming County (PA) | XPR Resources | XTO

SRBC Approved 74 Shale Gas Well Pad Water Use Permits in Dec & Jan
February 9, 2026February 9, 2026

The highly functional and responsible Susquehanna River Basin Commission (SRBC), unlike its highly dysfunctional and irresponsible counterpart, the Delaware River Basin Commission (DRBC), continues to support the shale energy industry by approving water withdrawals and consumptive use requests for responsible and safe shale drilling. The SRBC published a notice in the February 7 Pennsylvania Bulletin that the Executive Director of the SRBC approved and/or renewed 42 general water use permits in December and 32 general permits in January (74 combined) for individual shale gas well drilling pads in Bradford, Clearfield, Clinton, Lycoming, Sullivan, Susquehanna, Tioga, and Wyoming counties. Read More “SRBC Approved 74 Shale Gas Well Pad Water Use Permits in Dec & Jan”
Clean Energy E&P | CNX Resources | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Greene County (PA) | Pennsylvania | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia | Westmoreland County | Wetzel County

22 New Shale Well Permits Issued for PA-OH-WV Jan 26 – Feb 1
February 6, 2026February 6, 2026

The Marcellus/Utica region received a combined 22 new drilling permits last week, Jan. 26 – Feb. 1, up significantly from the 10 issued two weeks ago. Pennsylvania issued 15 new permits; Ohio issued none; and West Virginia issued 7. The drillers receiving new permits last week included: Clean Energy Exploration & Production, CNX Resources, Coterra Energy, and EQT. Read More “22 New Shale Well Permits Issued for PA-OH-WV Jan 26 – Feb 1”
Anti-Drilling/Fossil Fuel | Energy Companies | EQT Corp | Expand Energy | Industrywide Issues

Antis Ignore Huge Natural Methane Leaks to Focus on Tiny M-U Leaks
February 5, 2026February 5, 2026

Anti-fossil fuelers, using one of their favorite mainstream media sources (the Financial Times of London), claim that satellite data revealed over 20 massive methane “super-emitter” plumes linked to EQT Corp. and Expand Energy in the Appalachian Basin between 2024 and 2025. These events, which exceed 100kg per hour, challenge the companies’ claims of low emission intensity and effective mitigation. EQT rightly disputes the findings. So-called environmental “experts” emphasize that actual emissions often surpass industry reports. The antis say that given methane’s potency in trapping heat, these recurring leaks from major U.S. producers underscore the urgent need for infrastructure upgrades and more transparent monitoring to meet global climate goals. The thing is, these same antis ignore 79% of global methane emissions (40% of which is natural, from the Earth itself) to focus on just 21% of the “problem,” illustrating the hypocrisy of the environmental left. Read More “Antis Ignore Huge Natural Methane Leaks to Focus on Tiny M-U Leaks”
Energy Companies | EQT Corp | Pennsylvania | Washington County

EQT CEO Toby Rice Shows How NatGas Keeps Flowing During Snow, Cold
January 28, 2026January 28, 2026

Last weekend, EQT CEO Toby Rice showcased the shale gas industry’s resilience during a major winter storm, taking to social media to highlight field efforts to maintain natural gas production at a well pad in Washington County. Despite record price spikes and the looming threat of “freeze-offs,” major producers like EQT, Range Resources, and CNX currently report stable operations. With natural gas fueling 40% of the PJM grid, maintaining pipeline pressure is critical to preventing regional power outages. Industry leaders emphasize that proactive winterization and dedicated crews are essential to ensuring energy security and keeping furnaces running during extreme cold. Read More “EQT CEO Toby Rice Shows How NatGas Keeps Flowing During Snow, Cold”
Antero Resources | Belmont County | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Expand Energy | Fayette County | Greene County (PA) | Gulfport Energy | Ohio | Pennsylvania | Seneca Resources | Susquehanna County | Tioga County (PA) | Weekly Permits | West Virginia | Wetzel County

27 New Shale Well Permits Issued for PA-OH-WV Jan 12 – 18
January 23, 2026January 23, 2026

A nice bump up in permit numbers last week, mainly due to Pennsylvania. The Marcellus/Utica region received a combined 27 permits last week, Jan. 12 – 18. Pennsylvania issued 21 new permits, Ohio issued 5, and West Virginia issued just 1. Among the drillers receiving new permits last week: Antero Resources, Coterra Energy, EQT, Expand Energy, Gulfport Energy, and Seneca Resources. Read More “27 New Shale Well Permits Issued for PA-OH-WV Jan 12 – 18”
Antero Resources | Ascent Resources | CNX Resources | Energy Companies | EQT Corp | Greene County (PA) | Harrison County | HG Energy | Jefferson County (OH) | Lewis County | Lycoming County | Ohio | Pennsylvania | Repsol | Seneca Resources | Tioga County (PA) | Washington County | Weekly Permits | West Virginia

21 New Shale Well Permits Issued for PA-OH-WV Jan 5 – 11
January 16, 2026January 16, 2026

A return to normalcy last week for permits issued to drill new shale wells in the Marcellus/Utica. Two weeks ago, we reported that just one new permit was issued (see M-U Issues Just One New Permit Last Week, Dec 29 – Jan 4). As promised, we double-checked to be sure there wasn’t a lag in posting permits by the various environmental agencies. There were no new permits (except the one) for two weeks ago. As for last week, Jan. 5 – 11, Pennsylvania issued 12 new permits, Ohio issued 2, and West Virginia issued 7. Among the drillers receiving new permits last week: Antero, Ascent, CNX, EQT, HG Energy, Repsol, and Seneca Resources. Read More “21 New Shale Well Permits Issued for PA-OH-WV Jan 5 – 11”
Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Health Impacts | Industrywide Issues | Litigation | West Virginia | Wetzel County

EQT Asks Fed Court to Dismiss Health Lawsuit Filed by 4 WV Kids
January 15, 2026January 15, 2026

In August, the parents of four children under the age of 18 (from three families) filed a lawsuit on their kids’ behalf against EQT subsidiaries EQT Production Company and EQT XL Midstream Operating, claiming that emissions from a nearby compressor station and nearby shale wells operated by EQT have led to severe health-related problems for the kids (see 4 WV Kids Sue EQT Claiming Compressor, Wells Caused Illness). The families used to live in the rural hamlet of Knob Fork in Wetzel County, WV. They all have since moved. The lawsuit seeks unspecified damages and money for ongoing monitoring of the kids’ health. In November, EQT filed a motion to dismiss the case. In December, the plaintiffs (parents/kids’ lawyers) filed a response opposing the motion to dismiss. EQT quickly followed with its own response, replying to their opposition to the dismissal of the case. Read More “EQT Asks Fed Court to Dismiss Health Lawsuit Filed by 4 WV Kids”
Energy Companies | EQT Corp | Industrywide Issues | Pennsylvania | Regulation | Washington County

PA DEP Dings EQT for “Abandoning” Shale Well in Washington County
January 13, 2026January 13, 2026

We spotted a short article alleging EQT has “abandoned” a shale well in Washington County, PA, and thought it would be a good opportunity to (once again) discuss the misnomer of “abandoned” oil and gas wells in Pennsylvania. Let’s begin with the news as reported… Read More “PA DEP Dings EQT for “Abandoning” Shale Well in Washington County”
Energy Companies | EQT Corp | Pennsylvania | Washington County | Weekly Permits

M-U Issues Just One New Permit Last Week, Dec 29 – Jan 4
January 9, 2026January 9, 2026

It hardly seems worthy of a post to update you on new permits to drill in the Marcellus/Utica when just one permit was issued. We suppose there may be a lag at the various environmental agencies that issue permits, but maybe not. The sole permit issued last week was in Washington County, PA, to Rice Drilling (aka EQT). The details of that well are in the report below. We will re-run our permit search next week to see if any additional permits appear for last week, Dec. 29 through Jan. 4. Read More “M-U Issues Just One New Permit Last Week, Dec 29 – Jan 4”
Antero Resources | Columbiana County | Energy Companies | EOG Resources | EQT Corp | Greene County (PA) | Hilcorp Energy | Indiana County | INR/Infinity Natural Resources | Ohio | Pennsylvania | Range Resources Corp | Tuscarawas County | Tyler County | Washington County | Weekly Permits | West Virginia

26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28
January 5, 2026January 5, 2026

The combined number of new permits issued to drill shale wells across the Marcellus/Utica region was 26 for the week of Dec. 22 – 28, more than double the 12 issued two weeks ago. Pennsylvania issued 15 new permits, Ohio issued 6, and West Virginia issued 5. Among the companies receiving new permits were Antero, EOG, EQT, Hilcorp, INR, and Range Resources. Read More “26 New Shale Well Permits Issued for PA-OH-WV Dec 22 – 28”
Energy Companies | Energy Services | EQT Corp | Equitrans/EQT Midstream | Industrywide Issues | North Carolina | Pipelines | Regulation | Virginia

FERC Votes to Approve Change of MVP Southgate Route, Capacity
December 22, 2025December 22, 2025

In 2018, Equitrans Midstream, the builder of the 303-mile Mountain Valley Pipeline (MVP), proposed extending the MVP pipeline (after completion) by an additional 75 miles from the current terminus in Pittsylvania County, VA, to Alamance County, NC, to provide natural gas for heating and electric power generation. The 75-mile extension was called MVP Southgate. In December 2023, Equitrans announced it was significantly changing the project, cutting it by more than half and increasing the amount of gas flowing through it (see Equitrans Slices MVP Southgate Pipe Project From 75 to 31 Miles). Last Thursday, the five commissioners of the Federal Energy Regulatory Commission (FERC) officially approved the proposed changes. Read More “FERC Votes to Approve Change of MVP Southgate Route, Capacity”
CNG/LNG | Energy Companies | Energy Services | Energy Transfer Partners | EQT Corp | Exporting | Industrywide Issues

Energy Transfer Unexpectedly Kills Lake Charles LNG Export Project
December 19, 2025December 19, 2025

This is sad and unexpected. Five weeks ago, MDN reported that Energy Transfer was holding off on a final investment decision (FID) for its Lake Charles LNG export project until 80% of the project had been sold to equity partners (see Energy Transfer Taps the Brakes on Lake Charles LNG Export FID). Last week, we reported that ET has now secured enough agreements to move forward with the FID and planned to do so “early next year” (see Energy Transfer Expects FID for Lake Charles LNG Early Next Year). But yesterday, ET announced that it is suspending development of the Lake Charles LNG project to “focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provide superior risk/return profiles.” Read More “Energy Transfer Unexpectedly Kills Lake Charles LNG Export Project”