EQT vs Chesapeake
An Appalachia Data Story
Chesapeake entered the Appalachian Basin with a purchase of Columbia Natural Resources (CNR) in 2005. With the CNR position and an active leasing campaign, Chesapeake became the leading natural gas producer in the basin by 2008.
EQT was founded producing gas in the Appalachian Basin and has been in operation for over a century. Growing unconventional shale gas production slower than Chesapeake, EQT used strategic acquisitions in the mid to late 2010’s to surpass Chesapeake and become the largest natural gas producer in the US.
2005 acquisition of CNR
2014 divestment toSouthwestern Energy
2018 divestment toEncino Energy
2016 acquisition of Trans Energy
2017 acquisition of Stone Energy
2018 acquisition of Rice Energy
- For informational purposes only – not investment advise