EQT Corp. to curtail natural gas production

Company cites low prices for move

EQT Corp., a leading independent natural gas producer, said it has made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to the current low natural gas prices.

The company, which is the largest natural gas producer in the U.S., said natural gas usage was lower due to warm winter weather and consequent elevated storage inventories. The company expects to maintain this curtailment through  March and will reassess market conditions thereafter. Curtailments are expected to total approximately 30 to 40 Bcf of net production during the first quarter. EQT has operations in Pennsylvania, West Virginia and Ohio.

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