EQT announced earlier this week that it had reached a $407 million agreement with Statoil to buy the rights to develop 62,500 acres in West Virginia and to current production of 50 MMcfe per day. The transaction will be funded by a common stock offering of 9,500,000 shares and is expected to close in early July 2016. Sources: EQT Press Release (Statoil Transaction); EQT Press Release (Stock Offering)
Disclaimer: This website is for informational purposes only and is not intended as legal advice. Your access to, and engagement with, this website should not be construed as creating an attorney-client relationship. Any legal questions should be directed to an attorney licensed in your jurisdiction.
Opinions are my own and do not necessarily reflect the opinions of Spilman Thomas & Battle, PLLC, its employees, or its clients. To contact me, please e-mail email@example.com
Attorney Advertising Disclaimer: This website may be considered Attorney Advertising under the laws and rules of some jurisdictions. Each case is different, and outcomes depend on multiple factors, including the unique set of facts and applicable law. No attorney can guarantee a particular outcome in a given case.
I, Joseph Schaeffer, am solely responsible for the content of this website. My primary office address is located at 48 Donley St., Morgantown, West Virginia, 26501.