Current EQT Stock Info

District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties

Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for education, KDKA Television reported yesterday.

Under the lease agreement, EQT Corporation (ticker: EQT) will explore 170 acres owned by the East Allegheny School District for natural gas. The lease agreement calls for EQT to make an up-front payment of $500,000+ if gas is found. The scho...

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