EQT plans 72 new Marcellus wells in 2016
By Sarah Tincher, Energy Reporter EQT Corp. has forecasted its 2016 capital expenditure (CAPEX) to reach $1 billion, including $820 million for well development, according to a Dec. 7 announcement. EQT, a major natural gas producer for the Appalachian Basin, plans to drill 72 Marcellus wells with an average lateral length of 7,000 feet in ...