Equinor USA Onshore Properties Inc agreed to acquire 40% stake in Non-operated natural gas assets in Northeast Pennsylvania EQT Corporation on April 12, 2024. The consideration includes $500 million in cash along with approximately 26,000 net acres in Monroe County, approximately 10,000 net acres predominantly in Lycoming County and the remaining 16.25% ownership interest in EQT-operated gathering systems servicing core EQT-operated acreage in Lycoming County. The transaction is subject to customary closing adjustments, required regulatory approvals and clearances.

The transaction expected to close on late second quarter of 2024. Jefferies LLC and TD Securities (USA) LLC acted as financial advisors to EQT Corporation and Kirkland & Ellis LLP acted as legal advisor to EQT Corporation