FILE PHOTO: Toby Rice, CEO of EQT Corp, speaks during an interview in New York, U.S., June 11, 2019. REUTERS/Brendan McDermid/Chevron last year said it was considering sale of the properties and took an $8.17 billion charge to earnings to write down their value and an unrelated U.S. offshore project. Most of the impairment charge was for the gas properties.
EQT declined to comment. EQT Chief Executive Toby Rice in July described Appalachia shale as “a buyer’s market,” and called consolidation an opportunity for the Pittsburgh-based company.
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