EQT Corporation is a vertically integrated natural gas company with operations focused on the Appalachian Basin. It has 27.6 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and oil reserves across over 2.1 million gross acres. It has operations in Pennsylvania, West Virginia and Ohio. It is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. It owns or leases over 610,000 net acres in Pennsylvania. It also owns or leases approximately 405,000 net acres in West Virginia. It is developing the Marcellus Shale and Upper Devonian Shale in this area. It owns or leases approximately 65,000 net acres in eastern Ohio and is actively developing the Utica Shale in Belmont County. It contracts with MarkWest Energy Partners, L.P., Williams Ohio Valley Midstream LLC and Blue Racer Midstream to process its natural gas and extract heavier hydrocarbon streams from its produced natural gas.