EQT to sell 1% royalty interest from natural gas production
Monday, February 17, 2020
EQT Corp is considering selling a 1% royalty interest in its revenue from natural gas production, according to ShaleOhio.
EQT’s new management team has been working to cut drilling costs and improve its financial outlook as domestic shale has experienced sharp price declines.
During a third-quarter conference call, EQT evaluated ways to monetize its interest in natural gas production. Then-Interim CFO Kyle Derham said, “[w]e are confident this strategy could generate significant proceeds that can be used to de-lever without a significant impact on development returns.”
Learn more: ShaleOhio > EQT may sell ‘small portion’ of royalties from natural gas production
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