EQT Corp. (EQT +1.9%) agrees to buy ~99K net acres in western Pennsylvania and 10 horizontal...


EQT Corp. (EQT +1.9%) agrees to buy ~99K net acres in western Pennsylvania and 10 horizontal Marcellus wells from Chesapeake Energy (CHK +1%) for ~$113M, marking CHK's third announced asset sale this week. Three of the 10 wells are producing, EQT says the remaining seven will be turned in line by year-end 2013, adding ~1B cfe of sales volume.

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