EQT and West Virginia Legislative Tentative Agreement for Setting Class Action Redeeming Claims

PITTSBURGH – (BUSINESS BUSINESS) – EQT Corporation (NYSE: EQT) announced today that it has achieved
Trial settlement agreement with West Virginia landowners
some class action law law throughout the country. EQT believes that it is intended
settlement agreement, settlement solution lease royalty where
which was pending since 2013, reflects the Company's commitment
to foster good relations with landowners.

Solve the royalty claims throughout the class period, which goes from
2009 to 2017, EQT has paid a $ 53.5 million agreement into a settlement
Fund established to sell payments to class
participants. Each class member will have the opportunity to choose from
the settlement.

Under the settlement, EQT agreed to stop the post in the future
Lease production deductions determined by the Court without giving permission
deductions They agreed to the EQT and the class representatives for the future
Royalty payments based on index pricing will be clearly defined
methodology.

Certain class participants may choose to choose a standard EQT lease
Collation modification as a result of 2% (up to 18%)
increase his royalty. The settlement is subject to approval by the Court
and achieve a minimum percentage of participation at the
class members. After closing the settlement, the new one
it is expected that a deduction and pricing methodology will impose royalty claims
which relate to the leases that are subject to the settlement.

"EQT is working hard to resolve this matter with our leasing
and earn their confidence, as well as another other West Virginia
residents and community leaders, "said Robert McNally, CEO of EQT."Here
There was a chance to spend a new leaf in our relationships with our management
Holders of West Virginia holders and this agreement mutually
It reflects our renewal commitment to the state of West Virginia. "

Complete the settlement, solve the claim
the lawsuit Kay Company, LLC, et al. v. Production Company EQT, et al.,
case pending in the United States District Court for the North
West Virginia area, the usual Court approval
process and issue of the Court notices approved for class members.

Access Statements

Some disclosures are disclosed in this news release
Statements within the meaning of Section 21E of Securities Exchange
Act of 1934, as amended, and Section 27A of Securities Act 1933,
as amended. Statements that do not relate strictly to historical or
the current facts are on. Unlimited to generality
The following news statements are in this news release
especially prospects of plans, strategies, objectives
and the expected economic and operational growth and performance of EQT
and its subsidiaries, as well as prospects for a potential future
royalty claims and the ability to approve the proposed measure
settlement settlement agreement at the Court and the required class percentage
members. These statements relate to risks and uncertainties
because the results are actually materially different from predicted results.
Accordingly, investors should not rely inappropriately
statements forward as predicting the actual results. EQT is
based on these statements on current and
assumptions about future events. While EQT considers these prospects
and the assumptions are reasonable, they are subject to a row
Significant, economic, competitive, regulatory and other risks
and uncertainties, many of them are difficult to predict and no longer
Control of the EQT. The risks and uncertainties that may affect it
operations, performance and business results of EQT and
The statements that look forward are those risks, but are not limited to them
which was discussed in the latest EQT Annual Report on Form 10-K and other
filed with Securities and Exchange Commission. Continue on
The statement speaks only from the date on which that statement is made and
EQT does not intend to correct or update any forward statement,
whether as a result of new information, on future events or otherwise.

About EQT Corporation

EQT Corporation is a natural gas production company with an emphasis on the
Appalachian Basin and operations throughout Pennsylvania, West Virginia
and Ohio. With 130 years of experience and a long history of
Good corporate citizenship, EQT is the largest producer of natural gas
in the United States. As a leader of advanced horizontal use
drilling technology, EQT is committed to minimizing the impact
Reduce activities related to drilling and its overall environment
found. Through safe and responsible operations, EQT is helping
meet people's demand for burning clean energy, and continuing
offer a workplace and support activities that enrich the
communities where their employees live and work. Visit EQT Corporation at www.EQT.com;
and for more information on EQT's sustainability efforts, visit https://csr.eqt.com.

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.