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), estimated reserves, estimated developed reserves and total resource potential, that the SEC's rules strictly prohibit us from including in filings with the SEC. Estimated reserves reflect management’s preliminary estimate of the reserves associated with EQT Corporation’s (EQT) acquisition of certain properties from Statoil USA Onshore Properties, Inc., a subsidiary of Statoil ASA (the Statoil Acquisition), including the impact of the Statoil Acquisition to EQT’s resources. Estimated developed reserves reflect management’s preliminary estimate of the total developed reserves associated with the Statoil Acquisition, as well as EQT’s analysis of geologic and other data. We cannot assure you that these estimates are accurate and we may revise these estimates following ownership and operation of the properties acquired in connection with the Statoil Acquisition. We caution you that the SEC views such estimates as inherently unreliable and these estimates may be misleading to investors unless the investor is an expert in the natural gas industry. 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 and other reserves; drilling plans and programs (including the spacing, number, type, average lateral length and location of wells to be drilled, the number of drilling rigs and the availability of capital to complete drilling plans and programs); projected natural gas prices, liquids price uplift, basis and average differentials; 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 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; technology (including drilling and completion techniques); projected finding and development costs, operating costs, unit costs and well costs; projected gathering and transmission volumes and growth rates; the Company’s access to, and timing of, capacity on pipelines; infrastructure programs (including the timing, cost and capacity of the transmission and gathering expansion projects); the timing, cost, capacity and expected interconnects with facilities and pipelines of the Ohio Valley Connector and Mountain Valley Pipeline (MVP) projects; the ultimate terms, partners and structure of the MVP joint venture; projected EBITDA; projected adjusted operating cash flow attributable to EQT; acquisition transactions; monetization transactions, including asset sales (dropdowns) to EQT Midstream Partners, LP (EQM) and other 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 expenditures; potential future impairments of EQT’s assets; liquidity and financing requirements, including funding sources and availability; projected 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; dividend and distribution amounts and rates; and tax position. 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, 2015 as filed with the SEC, 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.