Title : Wow, This Happened Quickly -- EQT To Spin Off Midstream Business -- February 22, 2018
link : Wow, This Happened Quickly -- EQT To Spin Off Midstream Business -- February 22, 2018
Wow, This Happened Quickly -- EQT To Spin Off Midstream Business -- February 22, 2018
Story at ArgusMedia, EQT:- largest natural gas producer in the US when it acquired Rice Energy last year
- acquisition resulted in proven reserves of 21.4 Tcf of natural gas equivalent
- sold 3.2 Bcfe/d by end of 4Q17
- the acquisition hastened the spin-off
- EQT Midstream Partners will merge with Rice Midstream Partners
- result: will become the third largest gathering footprint in the US
Another investing opportunity while waiting for the Saudi Aramco IPO.
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