EQT Sells Big Sandy Pipeline To Spectra

摘要

EQT Corp. has sold the Big Sandy Pipeline to Spectra Energy Partners, LP for $390 million. Big Sandy is a 70-mile, 20-inch natural gas pipeline placed in service in April 2008. It has a capacity of 171,000 Dth/d. Big Sandy transports natural gas from the Langley, KY natural gas processing complex ultimately to the Mid-Atlantic and Northeast markets. "The sale of our Big Sandy Pipeline is another step in our commitment to prioritize our capital and accelerate our most profitable investment opportunities, which means primarily Marcellus and also Huron development activities. We will continue to fund this acceleration through our operating cash flow, additional asset sales and available debt capacity," said David Porges, chairman, president and CEO. "We have contracted for capacity to ensure delivery of our growing Huron production and look forward to working with Spectra Energy Partners."