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EQT Corp. (NYSE:EQT) is in superior talks to purchase pure gasoline producer THQ Appalachia I LLC and related pipeline infrastructure for ~$4B together with debt, in a deal that might be introduced as quickly as this week, Reuters reported Monday.
THQ Appalachia, which is owned by privately held gasoline producer Tug Hill Working and funding agency Quantum Vitality Companions, operates in West Virginia with web manufacturing of ~760M cf/day.
The deal would come with XcL Midstream, a pipeline operator that strikes THQ Appalachia’s gasoline to market and is led by Tug Hill CEO Michael Radler, based on the report.
EQT (EQT) is poised to profit from Europe’s power disaster with 30%-plus upside potential, Leo Nelissen writes in a bullish evaluation printed not too long ago on Looking for Alpha.
