EQT plans 70 new gas wells in WV in 2014 - WTRF 7 News Sports Weather - Wheeling Steubenville

EQT plans 70 new gas wells in WV in 2014

Posted: Updated:
  • EnergyEnergyMore>>

  • Q&A: Mike McCown reflects on his time in oil and gas industry

    Q&A: Mike McCown reflects on his time in oil and gas industry

    Saturday, August 23 2014 9:00 AM EDT2014-08-23 13:00:24 GMT
    Recently selected as the Oil and Gas Man of the Year, awarded by Energy Speaks and the Independent Oil and Gas Association of West Virginia for the 46th Annual West Virginia Oil and Gas Festival, Mike McCown has dedicated his life to the oil and gas industry.
    Recently selected as the Oil and Gas Man of the Year, awarded by Energy Speaks and the Independent Oil and Gas Association of West Virginia for the 46th Annual West Virginia Oil and Gas Festival, Mike McCown has dedicated his life to the oil and gas industry.
  • WV receives more than $500K in mine health and safety training grants

    WV receives more than $500K in mine health and safety training grants

    Friday, August 22 2014 11:00 AM EDT2014-08-22 15:00:51 GMT
    The U.S. Department of Labor's Mine Safety and Health Administration has allocated $8,348,423 in health and safety training grants for 46 states in fiscal year 2014, the department announced Aug. 21.
    The U.S. Department of Labor's Mine Safety and Health Administration has allocated $8,348,423 in health and safety training grants for 46 states in fiscal year 2014, the department announced Aug. 21.
  • Hundreds attend fracking hearing in Raleigh, NC

    Hundreds attend fracking hearing in Raleigh, NC

    Wednesday, August 20 2014 1:12 PM EDT2014-08-20 17:12:52 GMT
    The meeting is one of four during a comment period that lasts until the end of September. The state Mining and Energy Commission will analyze the comments and consider revisions to the rules, which then must undergo a fiscal review before legislators have the final say.
    The meeting is one of four during a comment period that lasts until the end of September. The state Mining and Energy Commission will analyze the comments and consider revisions to the rules, which then must undergo a fiscal review before legislators have the final say.

EQT Corp. plans to bring 70 wells online in four counties in northern West Virginia next year, adding to the 96 it already has there, the company told analysts at a presentation this week.

Each well is an investment of about $6.6 million, EQT said.

A 4,800-foot lateral in a horizontally drilled and hydraulically fractured well  produces about 9,000 cubic feet of gas per day in its first month. That drops to about 3,000 Mcfe in the 11th month and levels to about 1,000 Mcfe in the 51st month, according to information released in the presentation.

EQT has about 90,000 acres in the wet-gas region of Tyler, Ritchie, Doddridge and Wetzel counties. About 79,000 of those acres are undeveloped.