EQT Chasing Higher Returns In The Marcellus

摘要

With a new management team in place for only about two months, EQT Corp. (NYSE: EQT) is making fundamental changes, the company’s CEO told analysts Jan. 22. Instead of being driven by volume tar- gets, capital efficiency will take the lead. Correcting 2018 missteps, which led to operational issues, involves running wells in more of a manufacturing mode, according to Rob McNally, who joined EQT as CEO in October. The company- one of the biggest natural gas producers in the U.S. with a large footprint in the Appalachian region-plans to run six frack crews and seven rigs this year.