Corp Raider Continues to Trash Talk EQT/Rice Merger, Vote Set Nov 9
The disgusting corporate raiders at Jana Partners are fighting to the bitter end in their attempt to stop the merger/takeover […] Continue Reading: Marcellus Drilling News
Tagged EQT
Shale Gas News – October 7, 2017
Bill desRosiers External Affairs Coordinator, Cabot Oil & Gas The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about flaring & venting, Rice Energy purchase, pipeline projects and much more last week. The Shale Gas News has grown to THREE stations! We are now broadcasting…
Energy company takes different approach to Marcellus, Utica shale
Pin Oak now has 363 wells and 5.7 million cubic feet of production in the Utica and Marcellus in Pennsylvania and Ohio. In August, the company acquired wells and leases, 22 miles of gathering pipeline, all in western Pennsylvania and eastern Ohio, and a five-acre field office in Hermitage, all from an undisclosed seller. In…
EQT Raises $3B in IOUs as Down Payment for Rice Energy Purchase
On Wednesday, EQT announced the company has floated $3 billion (yikes!) of IOUs–called “notes” in the financial industry–with various due […] Continue Reading: Marcellus Drilling News
Hedge fund pushes EQT to split after Rice deal
Hedge fund D.E. Shaw & Co LP urged EQT Corp. to split into two parts after it closes its $6.7 billion deal to buy Rice Energy Inc. closes. The post Hedge fund pushes EQT to split after Rice deal appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter
Shale Gas News – September 16, 2017
Bill desRosiers External Affairs Coordinator, Cabot Oil & Gas The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about severance tax, fracking ban, Utica Shale and much more last week. The Shale Gas News has grown to THREE stations! We are now broadcasting with YesFM….
Under Pressure, EQT Moves Up Timeline to Explore Splitting Co.
A second corporate raider is now making trouble for EQT and its planned purchase of/merger with with Rice Energy. In June, EQT and Rice Energy announced that EQT will buy out and merge in Rice Energy, to create (in EQT) the largest natural gas-producing company in the United States (see EQT Buys Rice Energy in…
West Virginia DEP Revokes Twice Approved Mountain Valley Certification
Mike Krancer Partner, Leader – Energy, Petrochemical & Natural Resources Practice Group at Blank Rome LLP West Virginia DEP oversteps FERC and decides to vacate the already twice approved Mountain Valley Pipeline and revoke the 401 certification. As we have noted in our prior blog posts on the Constitution Pipeline and Millennium Valley Lateral…
Lawyers ask US Supreme Court to Hear WV EQT Royalty Case
In a decision that thrilled drillers, but angered landowners, the West Virginia Supreme Court decided in May to overturn its own previous decision (from last December) and allow driller EQT to deduct post-production expenses from royalty payments (see WV Supreme Court Reverses Itself, Post-Production Deductions OK). Last December MDN reported on the huge WV Supreme…
WV Surface Owners Win Important Case Against EQT re Drill Pad
A West Virginia Circuit Court case decided last week (by jury) found in favor of surface owners against a well pad constructed by EQT. The decision has far-reaching implications for not only surface owners and drillers, but mineral rights owners too. From the first time we read about so-called “joint development” legislation being promoted by…
Marcellus & Utica Shale Story Links: Wed, Sep 6, 2017
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Dominion handing out another $1M to community groups, apply now; Jana Partners continues to badmouth EQT-Rice deal; FERC gives OK for Cove Point to test LNG facility; PA rig count goes up by 1; former CONSOL exec…
EQT acquisition field by management bonuses?
Jana claims EQT is motivated to complete the deal because in doing so it would enrich improve bonuses for its senior management. The post EQT acquisition field by management bonuses? appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter
EQT considering split of company in 2018
EQT Corp’s board of directors will prepare a plan in 2018 that could include splitting or selling part of the Pittsburgh-based company. The post EQT considering split of company in 2018 appeared first on Shale Gas Reporter. Continue Reading: Shale Gas Reporter
Marcellus & Utica Shale Story Links: Wed, Aug 16, 2017
The “best of the rest” – stories that caught MDN’s eye that you may be interested in reading. In today’s lineup: Prepping for Rover, ETP asks FERC for permission to start up Panhandle, Trunkline projects; EQT Foundation awards $4M in 2017 so far; NY refusal to OK natgas infrastructure hurting economy; engineering firm Aecom in the market for…
Perverse Corporate Raider Calls EQT Plan to Buy Rice “Perverse”
Corporate raiders buy just enough shares of stock in a company so they can put one or two members on the board of directors and control the company. Once a raider gains control, he fires a bunch of people, sells a bunch of assets, declares the company “healthier” and the stock price goes up. Once…