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Stock impact report

EQT Inks Deal with Equinor for Swap of US Gas Assets [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
States mainly in Pennsylvania state, which would result in the Norwegian energy major no longer having operated assets in the U.S. onshore. The non-operated assets that Pittsburgh City-based EQT is divesting have a greater net gas production, based on 2025 estimates, compared to those it is acquiring from majority state-owned Equinor. However, EQT's acquisition includes infrastructure assets and a gas purchase commitment from Equinor. The EQT sale involves a 40 percent stake in the Northern Marcellus formation in Northeastern Pennsylvania that is projected to reach 225 million cubic feet per day of net production in 2025, according to separate press releases by the companies. Equinor said in its announcement of the agreement, “Following the transaction, Equinor will increase its average working interest from 15.7 percent to 25.7 percent in certain Chesapeake-operated Northern Marcellus gas units”. In exchange EQT takes over Equinor's operated stakes in the Marcellus and Utica Show less Read more
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