Equinor has acquired additional non-operated interests in Pennsylvania's northern Marcellus Shale from EQT Corp. for $1.25 billion, increasing its working interest to 40.7%.

Target Information

The target of this deal is EQT Corp., a leading player in natural gas exploration and production, known for its robust asset portfolio in the northern Marcellus Shale region of Pennsylvania. With a strong focus on both conventional and unconventional gas resources, EQT has made significant strides in optimizing its production capabilities and enhancing operational efficiencies.

Recently, EQT has identified non-operated interests as pivotal components of its growth strategy. By collaborating with larger operators like Equinor, EQT aims to leverage capital investments that support both organic growth and strategic acquisitions in a highly competitive landscape.

Industry Overview in the U.S.

The oil and gas industry in the United States has experienced substantial transformation over the last decade, particularly with advancements in horizontal drilling and hydraulic