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EQT Corporation acquires 42,600 net acres in the Marcellus from Trans Energy and Republic Energy for US$513 million

EQT Corporation acquires 42,600 net acres in the Marcellus from Trans Energy and Republic Energy for US$513 million

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.

What's included?

This report includes 1 file(s)

  • EQT Corporation acquires 42,600 net acres in the Marcellus from Trans Energy and Republic Energy for US$513 million PDF - 575.59 KB 7 Pages, 7 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • 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

In this report there are 8 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
    • EQT's Marcellus acquisition
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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