Utica Wells Disappoint EQT; Firm Shifts Emphasis to Other Plays

摘要

Natural gas producer EQT Corp. is abandoning initial plans to drill 21 wells in Ohio's portion of the Utica Shale this year due to concerns centered on the profitability and productivity of the Utica thus far. Instead, it will be divert- ing capital to its gas-focused Marcellus and Upper Devonian operations.