April 2018, Vol.245, No.4

Company News

EQT Corporation

EQT Corporation said it will separate its upstream and midstream businesses to create an independent, publicly traded midstream company. The company plans to complete its acquisition of Rice Midstream Partners prior to the separation, which it expects to complete before October 2018. Jerry Ashcroft, who currently heads Midstream for EQT and serves as senior vice president and chief operating officer of EQM, will lead the new midstream company as CEO. EQT said the headquarters for both companies will remain in Pittsburgh, PA