EQT
EQT Corporation is a natural gas production company based in Pittsburgh, Pennsylvania, with a significant focus on the Appalachian region, particularly the Marcellus and Utica shale plays. Founded in 1925, the company has established itself as a leader in the industry, employing advanced horizontal drilling technology to minimize environmental impact. As of year-end 2023, EQT's proven reserves reached 27.6 trillion cubic feet equivalent, with net production totaling 5.79 billion cubic feet equivalent per day, predominantly from natural gas, which constituted 94% of the production. Furthermore, EQT is involved in gathering and transmission operations and serves as the general partner and major equity owner of EQT Midstream Partners. The company is dedicated to safe and responsible energy production to meet the growing demand for clean-burning energy while enhancing the communities where it operates.
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6 past transactions
Equitrans Midstream
Acquisition in 2024
Equitrans Midstream operates a midstream energy company based in Canonsburg, Pennsylvania. Its core business involves the transportation and storage of natural gas, along with gathering services and water solutions. The company primarily serves natural gas producers in the Appalachian region, encompassing Pennsylvania, West Virginia, and Ohio.
Noya
Series A in 2023
Noya develops carbon capture technology that enables industrial facilities to remove CO2 from the atmosphere by retrofitting existing equipment. The company adds a non-toxic CO2 absorbing chemical blend to current cooling towers, allowing simultaneous cooling and carbon capture without major mechanical changes to the towers. The captured CO2 is then sold to companies that use it as a raw material, supporting other industries' climate initiatives. Noya's approach is aimed at accelerating the world’s transition toward a carbon-negative economy by providing a modular, retrofit-based solution that tackles emissions from industrial cooling processes.
WATT Fuel Cell Corporation
Venture Round in 2022
Founded in 2010, WATT Fuel Cell Corporation specializes in developing and manufacturing solid oxide fuel cell (SOFC) stacks and systems. These operate on readily available fuels like propane, natural gas, JP-8, and diesel to manage renewable power sources. The company offers hybrid SOFC systems that combine hydrocarbon fuels with solar or wind technologies for optimized power output, energy storage, and fuel consumption. WATT serves marine and RV, emergency response, military, and remote power sectors.
Alta Resources
Acquisition in 2021
Alta Resources is a private company based in Houston, Texas, established in 1999. It specializes in the exploration and development of shale oil and gas assets across North America, with notable operations in the Fayetteville Shale in Arkansas, the Marcellus Shale in Pennsylvania, and the liquids-rich Duvernay Shale play in Alberta, Canada. The company is committed to the responsible development of these resources, aiming to maximize value for its stakeholders through efficient and sustainable practices.
Rice Energy
Acquisition in 2017
Rice Energy is a family-owned independent oil and gas exploration and production company that commenced operations in Pennsylvania in 2007. It has established itself as a prominent player in the state's natural resources sector, becoming the second largest natural gas producer in Washington County and a leading producer in Greene County through a joint venture with a major coal producer. The company focuses on the acquisition, exploration, and development of oil and gas properties in the Appalachian Basin, utilizing advanced hydraulic fracturing techniques to maximize the potential of unconventional reservoirs. Rice Energy's technical team is recognized for its expertise in identifying and exploiting these resources effectively.
Trans Energy
Acquisition in 2016
Trans Energy is a company focused on the exploration and development of natural gas, primarily operating in the Marcellus shale region. The company engages in the acquisition, exploration, development, and production of both oil and natural gas resources. In addition to its core operations, Trans Energy also provides client/server technical software products specifically designed for the energy industry. Its principal activities are conducted through various subsidiaries, including American Shale and Prima, along with pipeline transmission operations. Through its diverse initiatives, Trans Energy aims to contribute to the energy sector while advancing its operational capabilities.
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