EQT gas well in western Pennsylvania shows ‘phenomenal’ results

After striking out in the Utica shale play in Ohio last year, EQT Corp. says it has found success with an expensive but high-flowing natural gas well in the Utica shale below Greene County, Pennsylvania, reports the Pittsburgh Tribune-Review. The newspaper says EQT’s initial production levels at the well “top any others reported in the Utica.” “While this is clearly a phenomenal well, we need to (step) up the learning curve, get our cost down and get some decline history of this well so we truly understand what the economics are," EQT Executive Vice President Steven Schlotterbeck told analysts. For more, read the full story.