The acquired acres are within EQT’s core liquids-rich development areas – primarily located in the Wetzel, Marshall, Tyler, and Marion Counties of West Virginia – and complement the Company’s adjacent operations. The acquisition includes approximately 173 new Marcellus locations. The acreage has an average 85% net revenue interest and 86% is either held by production or has lease expiration terms that extend beyond 2019.
The assets include 174 Marcellus wells – of which 123 wells are developed and 51 are in-progress. Also included are 20 miles of gathering pipeline and an additional 32 000 acres outside the company’s core development area.
