Monday, September 22, 2025
Fracing

EQT Buys Stone Energy Appalachian Acreage for $527 million

Purchase adds 53,400 Marcellus, 44,100 Utica acres EQT Corporation (ticker: EQT) announced a $527 million acquisition in the Marcellus today, the latest in a series of acquisitions made by the company. In the transaction EQT will acquire 53,400 core Marcellus acres, drilling rights on 44,100 net Utica acres, and current natural gas production of approximately 80 MMcfe/d. Included are 174

OXY Could Double Permian Production by 2020

Reserves grew 9% to 2.4 billion BOE; 2017 CapEx target is $3+ billion Occidental Petroleum (ticker: OXY) announced fourth quarter results and 2016 reserves today, reporting a net loss of $272 million, ($0.36) per share, for Q4 2016. Oxy also released reserves on Monday, showing an increase of 9% to 2.4 billion BOE. The company had additions of 437 million BOE