EQT, an integrated energy company focussed on natural gas production and transportation in the Appalachian region of West Virginia, plans to sell its Marcellus Pipeline System to its own subsidiary, EQT Midstream, for $1 billion.
EQT Midstream says it will invest $370 million in the expansion of its pipeline network, including the installation of 100 miles of gathering pipeline and 5 compressor units. This will augment the EQT's current 70 miles of gathering pipeline and 9 compressor units in the Marcellus Shale development.

The company has considerable room for growing its operations, with its present 76 000 net developed acres complemented by 59 000 net undeveloped acres.