Shale

US independent EQT expands Appalachia stake with $5.2 billion acquisition

Gas producer adds 90,000 acres in West Virginia from privately held companies backed by Quantum Energy Partners

Expansion: EQT chief executive Toby Rice expects the acquisition to boost the company’s free cash flow in 2023 to more than $6 billion.
Expansion: EQT chief executive Toby Rice expects the acquisition to boost the company’s free cash flow in 2023 to more than $6 billion.Photo: EQT
Houston
EQTQuantum Energy PartnersWest VirginiaAppalachiaAmericas
Published 7 September 2022, 20:59Updated 14 September 2022, 09:54