EQT shareholder supports Rice nominees to board of directors
Thursday, June 27, 2019
The D.E. Shaw group, a significant shareholder of EQT Corporation, continues to support the Rice team and all seven of their nominees to EQT’s Board of Directors, according to a statement the company recently issued.
In its press release, the D.E. Shaw group states, “We strongly believe the Rice team’s proven track record in creating shareholder value and detailed plan for right-sizing EQT’s cost structure is what is needed to drive success at the Company.”
The company goes on to share its views of EQT’s position in the Appalachian Basin, concerned the company has underperformed since acquiring Rice Energy under its current management.
Learn more: D. E. Shaw & Co., L.P. > The D.E. Shaw Group Issues a Statement Regarding EQT Corporation’s Upcoming Annual General Meeting
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.