The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that a company anticipates as of a given date to be economically and legally producible and deliverable by application of development projects to known accumulations. We use certain terms on this website, such as “EUR” (estimated ultimate recovery) and total resource potential, that the SEC's rules strictly prohibit us from including in filings with the SEC. These measures are by their nature more speculative than estimates of reserves prepared in accordance with SEC definitions and guidelines and accordingly are less certain. We also note that the SEC strictly prohibits us from aggregating proved, probable and possible (3P) reserves in filings with the SEC due to the different levels of certainty associated with each reserve category.
Disclosures on this website contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained on this website specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT and its subsidiaries, including guidance regarding EQT’s strategy to develop its Marcellus, deep Utica, Upper Devonian and other reserves; drilling plans and programs (including the number, type, average lateral length and location of wells to be drilled and the number and type of drilling rigs); projected natural gas prices, basis and average differential; projected market mix; total resource potential, reserves, EUR, expected rates and pressures, expected decline curve, reserve replacement ratio, reserves to production ratio, and projected depletion rates; projected EQT and third party production sales volume and growth rates (including liquids sales volume and growth rates); internal rate of return (IRR), compound annual growth rate (CAGR), and expected after-tax returns per well; projected finding and development costs, operating costs, unit costs and well costs; projected gathering and transmission volumes and growth rates; EQT’s access to, and timing of, capacity on pipelines; infrastructure programs (including the timing, cost and capacity of the gathering and transmission expansion projects); the timing, cost, capacity and expected interconnects with facilities and pipelines of the Mountain Valley Pipeline (MVP) project; the ultimate terms, partners and structure of the MVP joint venture; technology (including drilling and completion techniques; acquisition transactions; monetization transactions, including asset sales, joint ventures or other transactions involving EQT’s assets; the projected cash flows resulting from EQT’s limited partner interests in EQT GP Holdings, LP (EQGP); the amount and timing of any repurchases under EQT’s share repurchase authorization; projected capital contributions and expenditures; potential future impairments of EQT’s assets; liquidity and financing requirements, including funding sources and availability; projected net income attributable to noncontrolling interests, net marketing services revenues, operating revenues, cash flows and cash-on-hand; the expected uses of proceeds from EQT equity offerings; changes in EQT’s or EQM’s credit ratings; hedging strategy; the effects of government regulation and litigation; projected dividend and distribution amounts and rates; and tax position and projected effective tax rate. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. EQT has based these forward-looking statements on current expectations and assumptions about future events. While EQT considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond EQT’s control. The risks and uncertainties that may affect the operations, performance and results of EQT’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors,” of EQT’s Form 10-K for the year ended December 31, 2016 as filed with the SEC and Item 1A, as updated by any subsequent Form 10-Qs. Any forward-looking statement speaks only as of the date on which such statement is made and EQT does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
Information on this website regarding EQGP and its subsidiaries, including EQM, is derived from publicly available information published by the partnerships.