Deal Insight
EQT acquires Tug Hill's Appalachian assets for US$5.2 billion
Report summary
EQT Corporation has announced a US$5.2 billion acquisition of private operator, THQ Appalachia I. Upon close of the acquisition, EQT is set to produce over 1 million Boe/d. EQT Corporation, under new leadership since 2019, has demonstrated an appetite to grow larger through in-basin acquisitions. This acquisition fits the mould. The THQ asset not only boasts an attractive free cash flow profile but the midstream asset holds additional capacity for EQT to grow its production base by a few hundred mmcfe/d. We view this component as a strategic driver due to lack of excess midstream capacity in the region.
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 Tug Hill operations
- 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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