EQT shareholders approve Rice Energy Buyout
Tuesday, November 21, 2017
EQT Corporation received consent from a majority of its shareholders for its acquisition of Rice Energy Inc, according to Nasdaq.
Having received approval from about 84 percent of its shareholders, EQT expects the transaction to close by Nov. 13. The Rice Energy deal will cost EQT $6.7 billion. It’s the largest deal signed in the U.S. upstream industry in three years.
In the deal, Rice Energy stockholders will get 0.37 EQT shares and $5.30 in cash. EQT will also refinance Rice Energy’s long-term debt worth $1.5 billion In the combined entity, EQT shareholders will hold around 65 percent.
Learn more: Nasdaq > EQT receives shareholders’ approval for Rice Energy buyout
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.