Deal Insight
EQT Corporation acquires 42,600 net acres in the Marcellus from Trans Energy and Republic Energy for US$513 million
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
EQT Corporation continues the expansion of its core Marcellus position, picking up 42,600 net acres from Trans Energy and Republic Energy for US$513 million. The price equates to US$16,000/acre, after adjusting for 42 MMcfe/d of flowing production using an assumed US$12,000 per flowing Mboe/d. The acquired position falls in the heart of EQT's core development area, where it is aggressively ramping up production. We arrived at well-level breakevens of US$2.66/Mcf and US$2.24/Mcf for WV Dry Gas and WV Rich Gas horizontal wells, respectively. EQT has been vocal about its intent to expand in its core Marcellus position and has now acquired a total of 143,000 net acres so far this year. Concurrent with this deal, EQT also announced the acquisition of 17,000 net Marcellus acres from a third party for US$170 million.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
-
Upsides and risks
- Upsides
- Downsides
-
Strategic rationale
- EQT Corporation
- Trans Energy / Republic Energy
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- EQT's Marcellus acquisition
- 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:
Other reports you may be interested in
Asset Report
Odd Job (MC 214)
Odd Job (MC 214) is a small oil and gas discovery located in the Mississippi Canyon protraction area of the Central Gulf of Mexico. The ...
$3,720
Asset Report
Itaipu
Itaipu is a pre-salt oil field located in the northern Campos basin. The field lies within the BM-C-32 licence and has not been ...
$3,720
Asset Report
Shell Alberta
This analysis examines Shell's assets in Alberta. The company owns acreage…
$3,720
