|"Traded as||"NYSE: EQT
"S&P 500 Index component
|Founder||Michael and Obediah Haymaker|
|David L. Porges, "Executive Chairman
Steven T. Schlotterbeck, "CEO
Robert J. McNally, "CFO
"Natural gas liquids
|2,432 million cubic feet of natural gas equivalent (2017)|
|Revenue||$3.378 billion (2017)|
|$1.508 million (2017)|
|"Total assets||$29.522 billion (2017)|
|"Total equity||$13.319 billion (2017)|
Number of employees
|Footnotes / references
EQT Production is one of the largest "natural gas producers in the "Appalachian Basin with 21.4 trillion cubic feet equivalent of proved "natural gas, "natural gas liquids, and "petroleum reserves across approximately 4.0 million gross acres, including approximately 1.1 million gross acres in the "Marcellus Formation, as of December 31, 2017. Of the company's total proved reserves, 79% are located in the Marcellus Formation.
Average daily production in 2017 was 2,432 million cubic feet of natural gas equivalent.
EQT Production also owns 6,600 miles of gathering lines and 18 natural gas storage reservoirs with nearly 645 MMcf per day of peak delivery capability with 43 Bcf of working gas capacity.
Via its interest in EQT GP Holdings, LP ("NYSE: EQGP), the company owns a controlling interest in EQT Midstream Partners, LP ("NYSE: EQM). EQM owns and operates midstream assets in the "Appalachian Basin. It also owns an interest in Rice Midstream Partners LP ("NYSE: RMP). RMP also provides water services that support well completion activities and collects and recycles or disposes of flowback and produced water.
In 1884, Michael and Obediah Haymaker struck gas outside of Pittsburgh, PA.
In 1888, Equitable Gas Company was incorporated as a subsidiary of Philadelphia Company.
In 1984, the company changed its corporate name to Equitable Resources, Inc.
In 1997, the company acquired Northeast Energy Services Co. (NORESCO) for $77 million.
In 2009, the company changed its name from Equitable Resources, Inc. to EQT Corporation.
In 2013, the company sold its natural gas distribution business to Peoples Natural Gas for $740 million.
In 2014, David L. Porges became "chief executive officer of the company.
In 2017, Steven Schlotterbeck became chief executive officer of the company.
In 2017, the company acquired Rice Energy.
In 2018, the company announced plans to separate its midstream operations.