Advisory to Users

  • 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 Corporation and its subsidiaries (EQT), including guidance regarding EQT’s strategy to develop its reserves; drilling plans and programs (including the number, type, depth, lateral length or length-of-pay, and locations of wells to be drilled and the number and type of drilling rigs); projected natural gas prices, liquids price impact, basis, premium and average differential; total resource potential, reserves, EUR, expected decline curve, reserve replacement ratio, reserves to production ratio, and projected depletion rates; projected EQT and third party production sales volumes and growth rates (including liquids sales volumes 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, drilling and completions (D&C) costs, G&A expenses, expense reductions and unit costs, other well costs and service cost inflation; projected frac stage lengths, proppant per foot and water per foot; projected market mix; infrastructure programs ; the impact and outcome of pending and future litigation; acquisition and divestiture transactions; the projected capital efficiency savings and other operating efficiencies and synergies resulting from EQT’s acquisitions and divestitures, including EQT’s acquisition of Rice Energy Inc.  and spin-off of Equitrans Midstream Corporation (ETRN), which holds EQT’s former midstream business; EQT’s ability to achieve the anticipated synergies and efficiencies from its acquisitions and divestitures; the timing and structure of any dispositions of EQT’s 19.9% retained common stock of ETRN and EQT’s planned use of the proceeds from any such dispositions; monetization transactions, including asset sales, joint ventures or other transactions involving EQT’s assets; dividend amounts and rates; projected return of capital; projected cash flows, including the ability to fund the 2018 and 2019 drilling programs through cash from operations; projected adjusted operating cash flows attributable to EQT, adjusted operating cash flows attributable to EQT Production, net income attributable to noncontrolling interests; projected capital expenditures; liquidity and financing requirements, including funding sources and availability; changes in EQT’s credit ratings; potential future impairments of EQT’s assets; hedging strategy; the effects of government regulation; and tax position and the expected impact of changes to tax laws. 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, 2017, as filed with the SEC and 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.