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Northern West Virginia: EQT to spend additional $2.2B in new shale wells


The Intelligencer and Wheeling News-Register

BELMONT, Ohio — EQT Corp. completed its $8.2 billion acquisition of Rice Energy last month, while the Pittsburgh-based firm now plans to spend an additional $2.2 billion drilling new Marcellus and Utica shale wells during 2018.

Company officials said they hope to drill 38 new natural gas wells in Ohio during 2018, each with an average horizontal leg stretching more than 2 miles.

All of this comes as Smith-Goshen Rice Enrichment Fund officials work to raise and donate funds, with board member Lova Ebbert sure these activities will continue in the future.

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