EQT Corporation

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Equitable Resources Inc. (NYSE:EQT) is a Pittsburgh, Pennsylvania-based integrated energy company focusing on natural gas operations in the Appalachian Basin. The company's name was changed to EQT Corporation in February, 2009.

The company controls drilling rights to roughly 400,000 acres of land prospective for Marcellus shale gas in western Pennsylvania and northern West Virginia.

As of October, 2008 EQT had drilled thirteen Marcellus wells. Nine are vertical wells and four are horizontal ones.

The same report mentioned that EQT had also drilled a couple of Utica shale wells: one vertical and one horizontal in Wetzel County, West Virginia. A 3rd Quarter, 2008 company update mentioned that these two wells have been at least temporarily sidelined.

The company specializes in horizontal air drilling and has pioneered this approach with Marcellus shale drilling. All but two of EQT's thirteen Marcellus wells were drilled using air.

Murry S. Gerber is Chairman and CEO of Equitable Resources.