EQT Corporation

From Wikimarcellus

Revision as of 06:49, 26 April 2009 Tcopley (Talk | contribs) (EQT's super-sized Huron shale acreage) ← Previous diff		Revision as of 20:26, 2 May 2009 Tcopley (Talk | contribs) (EQT Drills Marcellus wells in SW PA and Huron in Northern WV - Part. Results) Next diff →
Line 11:		Line 11:
	The same report mentioned that EQT had also drilled a couple of [[Utica shale]] wells: one vertical and one horizontal in Wetzel County, [[West Virginia]]. A 3rd Quarter, 2008 company update mentioned that these two wells have been at least temporarily sidelined.		The same report mentioned that EQT had also drilled a couple of [[Utica shale]] wells: one vertical and one horizontal in Wetzel County, [[West Virginia]]. A 3rd Quarter, 2008 company update mentioned that these two wells have been at least temporarily sidelined.
		+
		+	An April, 2009 update from EQT noted that during the first quarter of 2009 the company had completed its first [[Hydro-fracturing|fractured]] horizontal Huron shale well. It also drilled 52 horizontal Huron wells that were not fractured. Also during the first quarter it drilled four vertical and four horizontal Marcellus shale wells.
		+
		+	'''EQT Partial 1st Quarter 2009 Drilling Program Results'''
		+	Length Initial Well
		+	Target of Test Production Cost
		+	Location Type Shale (Days) (MMcf/d) ($mil)
		+	Greene Co PA Hor. Marcellus 30 2.2 5.5
		+	Wash. Co PA " " <30 unkwn. "
		+	(WV?) Multi/frac Huron 30 0.85 1.8
		+	same bore Multi Cleveland 30 0.75 0.9
		+
	The company specializes in [[horizontal air drilling]] and has pioneered this approach with Marcellus shale drilling. All but two of EQT's thirteen Marcellus wells were drilled using air.		The company specializes in [[horizontal air drilling]] and has pioneered this approach with Marcellus shale drilling. All but two of EQT's thirteen Marcellus wells were drilled using air.

---

Revision as of 20:26, 2 May 2009

Here is where some info about Equitable Resources should go.
This article is still a stub and needs your attention. It does
not have a template and contains minimal information. Please dive
in and help it grow!

Equitable Resources Inc. (NYSE:EQT) is a Pittsburgh, Pennsylvania-based integrated energy company focusing on natural gas operations in the Appalachian Basin. The company's name was changed to EQT Corporation in February, 2009. It holds a huge 2.2 million acre leasehold prospective for the Huron shale in West Virginia, eastern Kentucky and western Virginia.

The company also controls drilling rights to roughly 400,000 acres of land prospective for Marcellus shale gas in western Pennsylvania and northern West Virginia.

As of October, 2008 EQT had drilled thirteen Marcellus wells. Nine are vertical wells and four are horizontal ones.

The same report mentioned that EQT had also drilled a couple of Utica shale wells: one vertical and one horizontal in Wetzel County, West Virginia. A 3rd Quarter, 2008 company update mentioned that these two wells have been at least temporarily sidelined.

An April, 2009 update from EQT noted that during the first quarter of 2009 the company had completed its first fractured horizontal Huron shale well. It also drilled 52 horizontal Huron wells that were not fractured. Also during the first quarter it drilled four vertical and four horizontal Marcellus shale wells.

        EQT Partial 1st Quarter 2009 Drilling Program Results
                                     Length         Initial        Well
                          Target    of Test      Production        Cost   
  Location     Type        Shale     (Days)        (MMcf/d)      ($mil)
Greene Co PA   Hor.      Marcellus     30             2.2          5.5
Wash. Co PA      "           "        <30            unkwn.         "
   (WV?)     Multi/frac    Huron       30             0.85         1.8
same bore      Multi     Cleveland     30             0.75         0.9
 

The company specializes in horizontal air drilling and has pioneered this approach with Marcellus shale drilling. All but two of EQT's thirteen Marcellus wells were drilled using air.

• Murry S. Gerber is Chairman and CEO of EQT Corporation.
• Kevin West is an EQT spokesman.