Snow covered transfer lines are seen at the Dominion Cove Point Liquefied Natural Gas terminal in Maryland
NEW YORK: The largest United States natural gas producer, EQT Corp, is acquiring a privately held competitor in a US$5.22bil (RM23.4bil) deal to expand its holdings in the prolific Marcellus shale.
The Pittsburgh-based driller will take over THQ Appalachia I LLC, a Tug Hill-operated company that’s backed by Quantum Energy Partners, in a cash and equity transaction, the company said in a statement on Tuesday.
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