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EQT Corporation is an American energy company engaged in hydrocarbon exploration and pipeline transport.It is headquartered in EQT Plaza in Pittsburgh, Pennsylvania.. EQT is the largest natural gas producer in the Appalachian Basin [2] with 19.802 trillion cubic feet equivalent of proved reserves across approximately 1.8 million gross acres, including approximately 1.5 million gross acres in ...
Marcellus gas production has lowered the price of natural gas in the Mid-Atlantic states of the US, which previously were almost entirely dependent on gas pipelined in from the US Gulf Coast. From 2005 through 2008, wholesale gas prices at Mid-Atlantic states were $0.23 to $0.33 per million BTU above prices of the main Gulf Coast trading point ...
The foundational legal document of the U.S. oil and gas industry is the oil and gas lease. [6] Oil and gas producing companies do not always own the land they drill on. Often, the company (the lessee) leases the mineral rights from the owner (the lessor). Major points in a lease include the description of the property, the term (duration), and ...
There are more than 12 million acres under lease in the Western and Central Gulf of Mexico, with less than 20% producing oil and gas, according to the U.S. Department of Interior.
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[20] [21] [22] PIT sits atop shale formations including the Utica and Marcellus, a natural gas reserve that runs under parts of New York, Pennsylvania, Ohio, West Virginia, Maryland, and Virginia. [23] CNX can produce compressed natural gas (CNG) onsite to fuel land fleet transportation, and liquefied natural gas (LNG) for various purposes. [20 ...
Pennsylvania, Ohio and West Virginia engaged in a tax competition for the plant. In 2012, Pennsylvania structured a deal requiring Shell to invest at least $1 billion in Pennsylvania and create at least 2,500 construction jobs in exchange for a 25-year tax incentive of $66 million per year and tied to production, reducing Shell's tax by up to 20 per cent.
Prior to the Civil War, the industry involved many small-scale mines with short-term leases resulting in increasing production levels but an overall trend of falling prices. In 1830, anthracite coal was selling for $11 per ton, in 1840 it was $7 per ton, and by 1860 it was $5.50 a ton in NYC, while total production was increasing. [20]
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