- Tight Gas & Oil
- Gas Hydrates
The acquisition increases EQT’s core undeveloped Marcellus acreage by 29%, adds 500 locations and allows for extended laterals in one West Virginia county.
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’
Rice wants to purchase Marcellus and Utica acreage but will have several legal challenges and may have to continue to bid on the assets held by bankrupt Alpha Natural Resources.