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LOLA Energy II Continues Investigation into Alleged Trespasses by EQT Corporation; Litigation Ramping Up

EQT Corporation (EQT) 
Last eqt corporation earnings: 2/27 06:30 am Check Earnings Report
Company Research Source: Business Wire
PITTSBURGH--(BUSINESS WIRE)--LOLA Energy II, LLC (together with its affiliates, “LOLA Energy” or the “company”) today announced the company’s escalating concerns regarding, and resulting investigation into, EQT Corporation’s (NYSE: EQT) (together with its affiliates, “EQT”) alleged trespass and infringement activities in Greene County, Pennsylvania, which has severely impacted LOLA Energy and its lessors.The results of LOLA Energy’s investigation, thus far, has revealed that:EQT has engaged in a pattern of trespass and infringement on numerous leased properties owned by LOLA Energy, and others.To date, 26 EQT permitted long lateral horizontal wells are actively infringing on, or would infringe upon if drilled in accordance with their respective permits, LOLA Energy’s leased mineral and property rights; with at least 11 wells currently producing natural gas that rightfully belongs to LOLA Energy and then sold by EQT every day that their activity continues.Unlike some other oil and Show less Read more
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