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.
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 is focused on addressing climate change by retrofitting existing industrial equipment to capture carbon dioxide from the atmosphere. The company's innovative technology utilizes a non-toxic chemical blend that is added to the cooling towers of various industries without requiring any structural modifications. This approach allows for effective CO2 capture while enabling businesses to contribute to environmental sustainability. By selling the captured carbon dioxide to companies that utilize it as a raw material, Noya facilitates a practical and scalable solution for reducing carbon emissions and promoting a transition towards a carbon-negative future.
WATT Fuel Cell
Venture Round in 2022
WATT Fuel Cell Corporation is a developer and manufacturer of solid oxide fuel cell (SOFC) systems and components, based in Mount Pleasant, Pennsylvania. Founded in 2010, the company specializes in creating fuel cells that operate on readily available hydrocarbon fuels, including natural gas, propane, JP-8, and diesel. WATT's technology is designed to provide efficient, clean, and environmentally responsible energy solutions for various sectors, including marine and recreational vehicles, emergency response, military, and remote power applications. The company offers a hybrid SOFC system that integrates hydrocarbon fuels with renewable energy sources like solar and wind, optimizing power output and energy storage. Its modular design allows for scalable solutions, enabling clients to increase power capacity by adding additional modules as needed, similar to a blade server configuration.
Alta Resources
Acquisition in 2021
Alta Resources is a private company based in Houston, Texas, founded in 1999. It specializes in the exploration and development of shale oil and gas assets, focusing on regions such as 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 North America's shale resources, aiming to maximize value for its stakeholders while ensuring environmentally 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 oil and natural gas, utilizing its subsidiaries, including American Shale and Prima, as well as pipeline transmission services. Additionally, Trans Energy provides technical software products tailored for the energy industry, enhancing its operational capabilities and client services.
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