WASHINGTON (dpa-AFX) - Monday, EQT Corp. (EQT) announced that it has agreed
to sell a 40 percent stake in specific non-operated natural gas assets in
Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and their
affiliates.

Valued at $500 million in cash, the transaction also involves the exchange of
upstream and midstream assets.

Through the transaction, EQT will receive assets including approximately 26,000
net acres in Monroe County, Ohio, and around 10,000 net acres in Lycoming
County, Pennsylvania. By 2025, these assets might have estimated net productions
of 135 million cubic feet equivalent per day or MMcfe/d and 15 MMcfe/d,
respectively.

Furthermore, EQT will acquire the remaining 16.25 percent ownership in
EQT-operated gathering systems that serve core-operated acreage in Lycoming
County.

Additionally, there is a gas buy-back agreement in place, where Equinor will
purchase gas from EQT at a premium to in-basin pricing until the first quarter
of 2028.

The transaction is set to be finalized in the latter part of the second quarter
of 2024.



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