Equitable Resources
Encyclopedia
EQT Corporation is a Pittsburgh, United States
-based, integrated energy company, supplying natural gas
, crude oil
, and gas-related services to wholesale and retail customers. As the largest natural gas supplier in the Appalachian Basin, EQT operates over 1400 miles (2,253.1 km) of pipeline and serves over 270,000 customers in southwestern Pennsylvania
, West Virginia
, and Kentucky
, USA
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
-based, integrated energy company, supplying natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
, crude oil
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
, and gas-related services to wholesale and retail customers. As the largest natural gas supplier in the Appalachian Basin, EQT operates over 1400 miles (2,253.1 km) of pipeline and serves over 270,000 customers in southwestern Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
, and Kentucky
Kentucky
The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...
, USA
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
History
- 1888 - Equitable Gas Company founded
- 1900 - acquired by George WestinghouseGeorge WestinghouseGeorge Westinghouse, Jr was an American entrepreneur and engineer who invented the railway air brake and was a pioneer of the electrical industry. Westinghouse was one of Thomas Edison's main rivals in the early implementation of the American electricity system...
to become part of Philadelphia Company - 1950 - separates from Philadelphia Company and lists on NYSENew York Stock ExchangeThe New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
- 1984 - changes corporate name to Equitable Resources
- 1995 - offers first fixed billFixed billFixed Bill refers to an energy pricing program in which a consumer pays a predetermined amount for their total energy consumption for a given period. The price is independent of the amount of energy the customer uses or the unit price of the energy...
energy contract in US where what a customer pays for energy is fixed no matter what the weather does. - 1997 - acquires NORESCO
- 2000 - acquires Appalachian wells and reserves from Statoil EnergyStatoilStatoil ASA is a Norwegian petroleum company established in 1972. It merged with Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro...
- 2008 - Became a component of the S&P 500S&P 500The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large-cap common stocks actively traded in the United States. The stocks included in the S&P 500 are those of large publicly held companies that trade on either of the two largest American stock...
- 2009 - Changes name to EQT Corporation