EQT considering split of company in 2018
Monday, August 21, 2017
EQT Corp’s board of directors will prepare a plan in 2018 that could include splitting or selling part of the Pittsburgh-based company, which is expected to become the country’s biggest independently owned natural gas company with the highly anticipated acquisition of Rice Energy later this year, according to the Pittsburgh Business Times.
The decision comes in the wake of concerns last month by a hedge fund against EQT’s acquisition of Rice Energy and its impact on the company’s valuation.
The company’s new strategy could include splitting EQT, divesting a portion or collapsing EQT Midstream Partners and EQT General Partners, two master limited partnerships EQT started that are publicly traded.
Learn more: Pittsburgh Business Times > EQT reviewing split, sale of assets to address valuation
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
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.
What are royalties?
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.