Deal Insight
EQT acquires Chevron's Appalachian assets for US$735 million
Report summary
The largest L48 natural gas producer is becoming even larger. EQT is adding Chevron's Appalachia assets to its production base, and will produce ~4.5 Bcfe/d, all in the Appalachia region, upon close of the deal. Importantly, EQT is growing without increasing its leverage. We forecast Net debt/EBITDA and gearing ratios will change by minimal amounts, since the deal was financed by a combination of equity and senior notes offerings. EQT will pay US$735 million for the package, with US$635 attributable to the upstream assets.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- EQT and Chevron Appalachian wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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