EQT Is a Dominant Appalachian Gas Producer Merging With Strategic Midstream Assets

EQT is primarily a natural gas producer located in the Appalachian basin, with operations straddling Pennsylvania, Ohio, and West Virginia. Unlike other operators in that region, EQT’s production is over 90% dry natural gas instead of higher-value products such as oil or natural gas liquids that are prevalent in other areas of the patch. By focusing on natural gas, EQT is far more vulnerable to the price volatility of natural gas, which oil producers are willing to throw away, either by selling at a loss or burning, when it gets more expensive to move.