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National City now part of PNC

EQT Corporation is one of the largest natural gas exploration and production companies in the United States. The company owns 3.5 million acres of land, more than 14,000 gross productive wells, and more than five trillion cubic feet (Tcfe) of proven natural gas reserves in the Appalachian Basin.

EQT Corporation produces safe, clean natural gas using innovative, environmentally friendly drilling methods. Headquartered in Pittsburgh for more than 120 years, EQT understands the importance of preserving the country’s natural resources. As development of the vast Marcellus shale formation in Appalachia continues to grow, the need for safe and responsible production has never been greater.

Through technology-driven innovation, EQT uses the most efficient practices in the industry to respond to the nation’s call for new, domestically produced energy supplies. These techniques not only result in one of the lowest cost structures in the industry, but they also enable EQT to increase natural gas production while drilling fewer wells, thus decreasing the company’s environmental footprint.

EQT exceeds many federal, state and local regulations designed to protect the environment and local resources. For example, EQT protects freshwater supplies throughout the drilling process by “triple casing” each well. Installing these multiple layers of steel casing and concrete protect nearby water sources by creating a solid barrier between drilling equipment and freshwater aquifers. In addition, EQT conducts water sampling before, during and after drilling to further ensure the quality of public water supplies. And EQT was one of the first companies to voluntarily disclose the chemicals it uses during hydraulic fracturing operations, posting them on its website and on FracFocus.org.

The company also actively promotes the use of natural gas as an alternative fuel source. In July 2011, EQT opened a compressed natural gas (CNG) fueling station in Pittsburgh’s Strip District for privately owned and commercial natural gas vehicles (NGVs). EQT is converting a significant portion of its own vehicle fleet to run on natural gas, and the EQT Foundation is working with several nonprofits to help them adapt their service vehicles to run on abundant, economical, and clean-burning natural gas.

As a good corporate citizen, EQT plays a major role in advancing the economic and cultural development of the areas in which it operates. Since its inception in 2003, the EQT Foundation has awarded $2-3 million in grants each year, and plans to award nearly $4 million in 2011. The company employs a talented, hard-working staff of nearly 1,800 and hires thousands of local contractors throughout its operating areas in Pennsylvania, West Virginia, Kentucky and Virginia.

EQT is helping to meet the country’s growing demand for clean energy, while continuing to promote safety, provide a rewarding workplace and enrich the communities where its employees live and work. EQT stands out from the pack with its vision, innovation, sound business practices and environmental conscientiousness. For additional information, visit the company’s website at www.EQT.com .

CONTACT:
Greg Shockley
539 US Highway 33 E.
304-269-2061
Fax: 304-269-2086
Email: gshockley@eqt.com
Web: www.eqt.com

 



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