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January 24, 2013
07:17 EDTEQTEQT Corporation reports proved reserves increase 12% to 6.0 Tcfe
EQT Corporation reported year-end 2012 total proved reserves of 6,004 Bcfe, a 639 Bcfe net increase over the 5,365 Bcfe reported last year, with a reserve replacement ratio of 345%. The company's Marcellus proved reserves increased by 864 Bcfe. 2012 drill bit finding costs were 53c per Mcfe. The company's Marcellus proved developed producing additions totaled 309 Bcfe for a development cost of $1.26 per Mcfe. EQT estimates year-end 2012 total reserves, including proved, probable and possible reserves, at 25.9 Tcfe, an increase of 4.5 Tcfe over the 2011 estimate.
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September 2, 2014
08:14 EDTEQTEQT Corporation, NextEra Energy announce Mountain Valley pipeline project JV
EQT Corporation (EQT) and NextEra US Gas Assets, LLC, an indirect, wholly owned subsidiary of NextEra Energy, Inc (NEE) today announced the formation of a joint venture, Mountain Valley Pipeline, LLC, that will construct and own the Mountain Valley Pipeline. The joint venture also announced the launch of a binding open season for the Mountain Valley Pipeline. The companies also announced EQT Corporation, through one or more of its affiliates, including EQT Midstream Partners, LP (EQM), will operate the pipeline and own a majority interest in the joint venture. With a vast supply of natural gas from Marcellus and Utica shale production, the Mountain Valley Pipeline is expected to provide at least two billion cubic feet per day of firm transmission capacity to demand markets in the Mid- and South Atlantic regions of the United States. Subject to FERC approval, the estimated 330-mile Mountain Valley Pipeline will connect the existing Equitrans transmission system in West Virginia, to Transcontinental Gas Pipeline Company’s Zone 5 compressor station 165 in Virginia – a highly marketable trading area for the southeast region. To-date, the joint venture has received firm capacity commitments that total 1.5 Bcf per day. The pipeline is expected to be in-service during the fourth quarter 2018.
August 20, 2014
08:12 EDTEQTEQT Corporation management to meet with Deutsche Bank
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