EQT Cuts 2016 Capex But Sees Higher Gas Output

摘要

EQT plans sharp cuts to its exploration and production budget next year but still plans to drill dozens of gas wells in the Marcellus Shale and increase its annual volumes by 20%. In an operational update this week, Pittsburgh - based EQT also said it plans to drill at least five deep wells in the adjacent Utica Shale following successful testing earlier this year.