US shale-gas producer EQT ends another eventful quarter by swinging to a profit and increasing LNG stakes
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, swung to a profit as the business is currently being overhauled with the acquisition of Equitrans Midstream and with effective operatorship of America’s newest natural gas infrastructure, the Mountain Valley Pipeline.
US investors being offered chance to invest in IPO for Australian equivalent of Marcellus shale basin
Tamboran Resources, an exploration and production company currently valued at A$391.5 million (US$258M) on the Australian Securities Exchange, is launching an initial public offering of shares in the US for shale-gas assets in Australia’s equivalent of the Marcellus Shale in the Northeast US.
US energy report forecasts drop in Haynesville and Appalachia shale output but US oil production to hit records
The US government’s short-term energy report for June forecasts declines in natural gas production in the Haynesville and Appalachia shale basins before a rebound in 2025 backed by higher benchmark Henry Hub gas prices, while also forecasting annual record production in 2024 and 2025 for US crude oil.
US shale-gas producer and emerging LNG player EQT ends eventful quarter with fall in profits but brighter prospects
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, reported a dropped in net income in the first quarter of 2024 as prices were lower, sales increased and a merger was agreed with Equitrans Midstream Corp.
Leading US shale-gas producer and emerging LNG player EQT Corp. cuts production because of low prices
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, has made a “strategic decision” to curtail approximately 1 billion cubic feet per day of gross production beginning immediately.
Chesapeake says Southwestern merger to create biggest US gas company on track amid LNG deals and profit falls
Chesapeake Energy Corp., the US natural gas producer completing a merger with smaller peer Southwestern Energy to create American’s biggest natural gas company, reported declines in fourth-quarter and annual net income as it also advanced with various LNG deals.
Top Appalachian shale-gas producer EQT reports solid earnings amid LNG tolling accords with Gulf Coast projects
EQT Corp., the leading US natural gas producer in the Appalachian shale basins, reported solid annual net income even as earnings dropped for the fourth quarter and has now signed three LNG tolling agreements on the Gulf Coast and was pursuing sales contracts.
UK National Grid steps in with LNG deal for import terminal near Boston to stop all the lights going out in Massachusetts
The US subsidiary of the UK’s National Grid Plc, which has several transmission and utility businesses in the US Northeast, has asked Massachusetts utility regulators to approve an agreement with US company Constellation Energy that would keep the Everett liquefied natural gas import terminal near Boston in operation until at least 2030 and beyond.
EQT notes offering
Jan 18 (LNGJ) - EQT Corp., the leading US natural gas producer in the Appalachia Shale basins, said it priced an underwritten public offering of $750 million of its 5.750 percent senior notes due in 2034. EQT’s offering will close on January 19 subject to the satisfaction of customary closing conditions. “EQT expects to use the net proceeds from the offering to repay a portion of the borrowings under its term-loan facility incurred in connection with its acquisition of Tug Hill and XcL Midstream,” the company said.
EQT, based in Pittsburgh and with shale-gas operations in the Marcellus and Utica formations of western Pennsylvania, Ohio and West Virginia said the joint book-running managers and underwriters for the notes offering included J.P. Morgan Securities, MUFG Securities Americas Inc., TD Securities (USA) and Wells Fargo Securities.
US shale producer EQT posts loss as output and prices fall while accord signed for Lake Charles LNG tolling
EQT Corp., the leading US natural gas producer in the Appalachia Shale Basin, reported second-quarter losses due to falls in output and prices, though advanced its direct liquefied natural gas prospects by signing a heads of agreement for tolling at the Lake Charles LNG export project in Louisiana for 1 million tonnes per annum.
