About EQT Corporation

Integrated natural gas company EQT Corporation (formerly Equitable Resources) hopes to get its fair share of the natural gas market. EQT's Distribution unit provides gas to about 276,500 customers in Pennsylvania, West Virginia, and Kentucky. EQT Midstream operates 11,400 miles of gathering pipeline and 770 miles of transmission lines. EQT Production exploits proved reserves of 5.2 trillion cu. ft. of natural gas equivalent in the Appalachian region, operating some 14,000 active wells and drilling more than 700 new wells a year. EQT Production sells its natural gas products to Appalachian-area utilities and industrial customers and to marketers, including EQT Energy, its own gas marketing affiliate.

 

EQT Energy's operations include gas processing and transportation, storage, marketing, and trading. 

EQT Corporation's overall strategy is to build up its vertically intregrated and complementary gas businesses. It has a substantial acreage position (where it focuses on long-lived, low-risk wells), extensive gas gathering and transmission assets, low cost structure, and proximity to northeastern US consumer markets.

Expanding its gas processing and natural gas liquid (NGL) marketing presence into lucrative shale areas, in 2010 the company formed a joint venture with DCP Midstream Partners to develop natural gas processing and related NGL infrastructure in the Marcellus and Huron shale plays in the Appalachian basin.

The company reported an increase in revenues and net income in 2010, driven by higher gas volumes (from 2009 and 2010 drilling programs), and by the increase in NGL volumes and prices. A decrease in purchased gas costs also helped to lift net income.

In order to raise cash to invest in production activities in its shale areas, in 2011 the company sold a Kentucky-based natural-gas processing complex and pipeline to MarkWest Energy Partners for $230 million. It also sold its 70-mile natural gas pipeline (Big Sandy Pipeline) in eastern Kentucky to Spectra Energy for $390 million.

In 2012 the company spun off EQT Midstream Partners as a public company; it retained a 63% limited partner interest in the company.

That year it also agreed to sell its natural gas distribution business, Equitable Gas Company, LLC, to Peoples Natural Gas  for $720 million. In the deal EQT Corporation will receive some Marcellus midstream assets, including  200 miles of regulated transmission pipelines, and four storage pools with a 15.1 billion cu. ft. working gas capacity.

 

  • EQT Corporation

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Gas Measurement Specialist, Pittsburgh, PA - July 1, 2015
Responsible for the measurement processing services for the all of EQT Wells in the KYWV gathering system. Ensures that measurement information is collected, processed, calculated and retained according to industry standards, governmental regulations and contractual requirements. Coordinates and responds to the internal and external customer measurement audit requests. Perform technical data analysis or studies. Actively participates on various teams that deal with current and future measurement issues. Continually improves and maintains processes and computer systems to efficiently meet the measurement business needs. Works with field operations to prepare and provide current and historical meter information for the use of lost and unaccounted for gas. Works in conjunction with downstream business units and third party interconnecting companies to receive and provide third party volume information. Provide physical pipeline and lost and unaccounted for gas to other department within the organization.

Jobs in Pittsburgh, PA

  • Credit Specialist/Credit Specialist II/Sr. Credit Specialist

    Pittsburgh, PA
    Credit Specialist/Credit Specialist II in the EQT Corporation Credit group is responsible for the following:....
  • Owner Relations Team Lead

    Pittsburgh, PA
    EQT Corporation and its subsidiaries is an EEO/Affirmative Action employer -- M/F/Disability/Veteran. Work with many EQT groups to identify common issues;...
  • Manager, Divsion Orders

    Pittsburgh, PA
    EQT Corporation and its subsidiaries is an EEO/Affirmative Action employer -- M/F/Disability/Veteran. The Manager, Division Orders, provides leadership and...
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Headquarters
625 Liberty Ave.
Pittsburgh PA, United States 15222
Revenue
$1B to $5B (USD)
Employees
1,001 to 5,000
Industry
Links
EQT Corporation website