EQT Corporation (EQT) issued an update on its acreage in the Marcellus Shale. The company has 500,000 under lease, and recently increased its estimate ultimate recovery (EUR) on wells here from 3.5-4.0 BCF to 4.0-4.5 BCF.
The company said its average cost to drill and complete a well in the Marcellus Shale is now $3.0 million, yielding a finding and development cost of $0.75 per mcf.
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