EQT deals assets to Equinor

Natural gas fields in Northeast Pennsylvania

EQT is selling some non-operating assets in Pennsylvania to Equinor.

The deal includes 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised of US$500 million of cash and upstream and midstream assets.

The assets EQT is receiving in the transaction consist of:

  • ~26,000 net acres in Monroe County, Ohio with 2025E net production of ~135 MMcfe/d directly offsetting EQT-operated acreage
  • ~10,000 net acres in Lycoming County, Pennsylvania with 2025E net production of ~15 MMcfe/d in existing EQT-operated assets
  • The remaining 16.25% ownership in EQT-operated gathering systems servicing core operated acreage in Lycoming County, Pennsylvania
  • A gas buy-back agreement whereby Equinor will purchase gas from EQT at a premium to in-basin pricing through the first quarter of 2028
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Baker Hughes expanding Saudi facility
Dammam site will add capacity for manufacturing, repairs
Petronas announces gas discovery
Third discovery in region off Suriname
Pipeline eyed for hydrogen shipments between Denmark, Germany
Everfuel signs Letter of Intent with German industrial offtaker for initial supply of 10,000 tons of green hydrogen per year