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ES - EQT continues cost reductions, signs new gathering agreement - March 10, 2020
EQT continues to make improvements in its cost structure. During Q4, well costs in the Pennsylvania Marcellus averaged $800 per lateral foot, down 6% sequentially and 18% compared to the $970/ft target set by the previous management team. EQT has set a 2H20 target of $730/ft. EQT improved its operational performance following its management and structural reshuffle in July. Top-hole drilling days have fallen 28% and horizontal drilling days are down 38%, resulting in......
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