UPDATE 1-EQT to sell some natgas assets in Pennsylvania to Equinor USA [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
April 15 (Reuters) - EQT will sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA in exchange for Equinor's onshore asset in the Appalachian basin and $500 million in cash, the companies said on Monday. Non-operating positions give holders a cut from the hydrocarbons sold without taking charge of drilling or other operations, although they must contribute their share of costs. Natural gas prices have pummeled to three-year lows, forcing producers to curb output and spending on drilling activity. Reuters reported last year that EQT was exploring a sale of a portfolio of minority stakes in wells in Pennsylvania's Marcellus shale formation. "We plan to opportunistically divest the remaining portion of our non-operated assets in northeast Pennsylvania," EQT CEO Toby Rice said on Monday. EQT's plan to exit the position comes as the company tries to accelerate cutting its $5.9 billion debt pile and boost shareholder returns. "This (
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- Equinor ASA (NYSE:EQNR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Equinor's Hammerfest LNG plant outage extended until Saturday [Reuters]Reuters
EQNR
Earnings
- 7/26/23 - Miss
EQNR
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- EQNR's page on the SEC website