Author: Paul J. Gough

EQT and the seller, Houston-based private equity firm Quantum Energy Partners, originally planned for the deal to be done by the end of last year.

EQT disclosed in a Securities and Exchange Commission filing that the purchase agreement had been amended to allow an extra year for the deal to be done.

Pittsburgh-based Rice Acquisition Corp. II’s $1.4 billion acquisition of Net Power is a bet on the smaller company’s technology to find a lower-cost place in the energy transition for natural gas as well as another use case for carbon capture and storage.

The original Rice Acquisition Corp. took Archaea Energy Inc. (NYSE: LFG) public in September 2021. Now, Rice Acquisition Corp. II (NYSE: RONI) plans to combine with Net Power, a North Carolina-based company that developed a specialized natural gas powe…

The request was disclosed in a U.S. Securities and Exchange Commission filing Dec. 2.

While Shell made it official in 2012 that it was considering a petrochemical plant in Appalachia and then finally centered on Beaver County, it took four years for the company to make the final investment decision.

“This is something that we’ve been looking at for over a year,” Rice said.

Year-to-date, EQT’s shares are up 131% already amid a hot natural gas market and the company’s improved financials.

EQT Corp.’s (NYSE: EQT) planned $5.2 billion acquisition of Tug Hill and XcL Midstream represents the largest shale M&A deal announced so far in 2022 and will make Houston-based Quantum Energy Partners either the largest or second-largest shareholder o…

EQT will pay $2.6 billion in cash and $2.6 billion in EQT stock, the latter worth about 55 million shares, to Houston-based Quantum Energy Partners.