Huron, Utica properties changing hands
After a slow quarter, Appalachian M&A activity closed out Q2 with large deals today, with a combined value of $2.1 billion.
EQT and Diversified
EQT (ticker: EQT) announced the sale of its large Huron assets today, divesting 2.5 million acres for $575 million in cash. The assets have been extensively developed, and EQT reports there are about 12,000 wells producing from the area with 6,400 miles of gathering lines and 59 compression stations. The sold acreage has 1.6 Tcfe of proved reserves, and tot...

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