BRIEF-Equinor buys US gas assets from EQT Corp for $1.25 bln-January 2024-www.financetom.com

BRIEF-Equinor buys US gas assets from EQT Corp for $1.25 bln

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BRIEF-Equinor buys US gas assets from EQT Corp for $1.25 bln

Nov 3, 2024 2:27 PM

Oct 29 (Reuters) - Equinor ASA ( EQNR ):

* EQUINOR STRENGTHENS GAS PORTFOLIO

* AGREEMENT WITH EQT CORPORATION TO ACQUIRE ADDITIONAL

NON-OPERATED INTEREST IN NORTHERN MARCELLUS FORMATION IN US.

EQUINOR WILL PAY USD 1.25 BILLION TO EQT IN TRANSACTION

* ACQUIRING 100% OF EQT'S REMAINING WORKING INTEREST IN

NORTHERN

MARCELLUS GAS UNITS PRIMARILY OPERATED BY EXPAND ENERGY

* TRANSACTION WILL INCREASE CASHFLOW FROM INTERNATIONAL

PORTFOLIO

BY ADDING NATURAL GAS VOLUMES WITH LOW CARBON INTENSITY

EMISSIONS FROM PRODUCTION

Source text: https://www.equinor.com/news/20241029-strengthens-gas-portfolio

Further company coverage:

Previous page： Andlauer Healthcare to Launch Normal Course Issuer Bid Next page： BRIEF-Argonautic Ventures Says Preliminary Non-Binding Proposal To Benson Hill's Board Related To Proposed Acquisition By To-Be-Formed Acquisition Vehicle

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