EQT Sets New World Drilling Record; Deals to Sell 1.2 Bcf/d via MVP - Marcellus Drilling News
EQT Sets New World Drilling Record; Deals to Sell 1.2 Bcf/d via MVP | Marcellus Drilling News
EQT Corporation, currently the largest producer of natural gas in the U.S., provided its third quarter update yesterday. And wow! There is plenty to talk about. The company set another drilling world record of 18,264 feet in 48 hours, beating the existing world record set by EQT in the second quarter (see EQT Sets World Drilling Record; Tug Hill Deal to Close Next 30 Days). CEO Toby Rice announced the company recently signed two long-term deals with natural gas customers who will buy EQT’s molecules from the Mountain Valley Pipeline (MVP) when it gets completed. The two deals collectively add up to 1.2 Bcf/d heading to the southeastern U.S.
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