EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
Transaction Type
Sellers
Buyers
Basin
Appalachian Basin
Announce Date
Post Date
Close Date
Estimated Price
1250BB
Description
EQT Corp. has closed a $1.25 billion divestiture of non-operated assets in northeastern Pennsylvania to Equinor USA Onshore Properties Inc. and Equinor Natural Gas LLC.
EQT said the proceeds of the sale were used to repay outstanding borrowings under its revolving credit facility to its acquisition of Equitrans Midstream Corp.
The deal represents approximately 350 MMcf/d of forecasted 2025 net production, EQT said when the deal was announced in late October.