EQT becomes largest independent natural gas producer in U.S.
Monday, November 27, 2017
EQT recently became the largest independent natural gas producer in the United States after completing its acquisition of Rice Energy Inc., according to the Pittsburgh Business Times.
“With the closing of the transaction, we are combining two of the leading operators in the Appalachian Basin to create an even stronger company that is positioned to deliver greater returns to shareholders through operating efficiencies and improved overall well economics,” said EQT President and CEO Steve Schlotterbeck in a statement.
EQT’s announcement came directly after its shareholders approved the $6.6 billion deal. Daniel J. Rice IV and Robert F. Vagt, formerly of the Rice Energy board, joined the EQT board following the merger.
Learn more: Pittsburgh Business Times > EQT completes Rice Energy acquisition
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