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Value Stock - Dividend - Research Selection

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NEWS


EQT-THQ Appalachia latest U.S. energy deal to face regulatory delay

2022-12-02
Natural gas producer EQT Corp said on Friday the U.S. antitrust regulator has asked for more information on its planned $5.2 billion buyout of THQ Appalachia I LLC and associated pipeline infrastructure.

UPDATE 1-EQT's $5.2 bln bid for THQ Appalachia faces more regulatory demands

2022-12-02
Top U.S. natural gas producer EQT Corp said on Friday the Federal Trade Commission has asked for more information on its planned $5.2 billion buyout of THQ Appalachia I LLC and associated pipeline infrastructure. The deal, first announced in September, is one of the biggest in the oil and gas space to face scrutiny from a regulator that once rarely opposed deals in the sector. EQT also said it has begun discussions with THQ's pipeline operator XcL Midstream and the company to amend the terms of the deal in case it does not close by Dec. 30 as originally planned.

EQT's $5.2 bln bid for THQ Appalachia faces regulatory scrutiny

2022-12-02
Natural gas producer EQT Corp said on Friday the U.S. Federal Trade Commission has asked for more information on its planned $5.2 billion buyout of THQ Appalachia I LLC and associated pipeline infrastructure. (Reporting by Ruhi Soni in Bengaluru; Editing by Devika Syamnath)

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Adding 50 rigs will mean increased production in Appalachia, creating jobs and boosting the economy as well as industries in the region like manufacturing.

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