Kirkland Advises EQT on Non-Operated Asset Transaction with Equinor

Kirkland & Ellis is advising EQT Corporation (NYSE: EQT) on an exchange agreement with Equinor USA Onshore Properties Inc. and their affiliates in which EQT is selling an undivided 40% interest in non-operated natural gas assets in Northeast Pennsylvania. Consideration for the transaction is comprised of $500 million of cash and upstream and midstream assets from Equinor. The transaction was announced April 15, 2024 and is expected to close in the late second quarter of 2024 subject to customary closing adjustments, required regulatory approvals and clearances.

Read the transaction press release

The Kirkland team is being led by corporate partners Lindsey Jaquillard, Chad Smith and associates Isaac Bate and Luke Powers Strother with corporate partners David Feirstein and Cyril Jones.