(openPR) - Texas – The global law firm of Thompson & Knight LLP has assisted EQT Corporation (“EQT”) (NYSE: EQT) with the strategic acquisition of 58,000 net acres in the Marcellus Shale from a group of private operators and landowners for $280 million in cash and stock.
The acquired acreage is located primarily in Cameron, Clearfield, Elk, and Jefferson counties in Pennsylvania. The purchase, which includes a 200-mile gathering system and approximately 100 producing vertical wells, will bring the company’s total holdings in the Marcellus Shale to 500,000 net acres.
Partners Debra J. Villarreal and Arthur J. Wright led Thompson & Knight’s team of attorneys advising on this transaction, which included Partners Jolisa Melton Dobbs and William R. Wright; Of Counsel Ron W. Fry; and Associates Monique R. Alexander, Toni Nicole Anderson, Jesse N. Bomer, Ashleigh Everett, Joe F. Flack III, Susan Marx, and Emily S. Tubb.
EQT is an integrated energy company that focuses on natural gas production, gathering, processing, transmission, and distribution. Operating in four states, EQT is the largest natural gas producer in the Appalachian Basin as well as one of the largest in the U.S.
About Thompson & Knight
Since 1887, Thompson & Knight LLP has consistently made a positive impact on its clients’ successes. With its practice focused on the energy industry, the Firm has extensive resources in litigation, tax, insolvency, and international energy matters. The Firm has approximately 350 attorneys, and has offices and alliances in North America, Europe, and Africa. Thompson & Knight represents companies, government entities, and individuals in local, regional, and national markets around the world.
For additional information:
Becky S. Jackson
Chief Client Services Officer
Thompson & Knight LLP
1722 Routh Street, Suite 1500
Dallas, TX 75201-2533
214.969.1478
|
Newsfeed
