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Ticker	Price	Change($)	Change(%)	Shares	Volume	Prev Close	Open	Gain($)	Gain(%)

Ticker	Status	Jurisdiction	Filing Date	CP Start	CP End	CP Loss	Deadline

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EQT Corporation Entered Into Agreement With Equinor USA Onshore Properties And Affiliates To Sell 40% Interest In Non-Operate Natural Gas Assets In Northeast, PA; Consideration For Transaction Is $500M Cash And Upstream Assets

Author: Benzinga Newsdesk | April 15, 2024 08:06am

he 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

Posted In: EQNR EQT