EQT restores natural gas production in Appalachian Basin
Friday, July 31, 2020
Earlier this week, EQT Corp reported all of the Appalachian production it curtailed in May, due to the coronavirus’ impact on demand, has returned to sales in July with no degradation to well performance, according to Reuters.
EQT temporarily curtailed about 1.4 billion cubic feet of natural gas equivalent (bcfe) per day of gross production on May 16 for the duration of the second quarter as fuel prices plummeted to a 25-year low.
EQT said in its second-quarter earnings that it produced 346 bcfe in the second quarter of 2020 at an average realized price of $2.36 per thousand cubic feet equivalent (mcfe). That compares with total output of 370 bcfe during the same period last year at an average realized price of $2.59 per mcfe.
Learn more: Reuters > EQT restores coronavirus-curtailed Appalachian natgas production in July
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