EQT remains bullish on Appalachian gas
The US producer is calling for a rapid buildout of pipeline and export infrastructure
Growth in Appalachian gas production has been “truly astounding” over the past decade-and-a-half and there is potential for massive additional growth, according to Toby Rice, president and CEO of Pittsburgh-based EQT, the largest gas producer in the basin. Appalachia, containing the Marcellus and Utica shale formations in the US northeast, has seen gas production skyrocket from a modest 1bn ft³/d (28.32mn m³/d) in January 2007 to a record high of 36bn ft³/d in December 2021, with EQT producing roughly a sixth of this total. As a standalone area, Appalachia is now the third-largest gas producing region in the world, trailing only Russia and the rest of the US. However, Appalachian gas product
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised