Wednesday, August 26, 2009

Breakfast Briefing: EQT And The Natural Gas Industry in Western Pennsylvania: A Proud Past. A Bright Future.

On the heels of yesterday's post, some of you might want to attend this event:

Please join Murry Gerber, Chairman and Chief Executive Officer of EQT, as he discusses how a rich history and new technologies have recently made it economically feasible to recover natural gas from the Marcellus formation; a resource that has the potential to stimulate the biggest economic boom since coal and oil availability sparked the Pennsylvania industrial revolution. As the largest natural gas producer in the Appalachian Basin and the 14th largest in the nation, EQT is well positioned to play a major role in the development of this rich local resource. It owns the right to develop more than 400,000 acres of Marcellus reserves and has the technology necessary to extract Marcellus gas economically and with a small environmental footprint. Development of the Marcellus is in its infancy, but if Pennsylvania provides a friendly business climate which promotes development of this resource the potential benefits are unlimited.

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