M&A Deal Summary

EQM Midstream Acquires EQT Gathering Jupiter Natural Gas Gathering System

On April 30, 2014, EQM Midstream acquired oil/gas exploration company EQT Gathering Jupiter Natural Gas Gathering System from EQT for 1.1B USD

Acquisition Highlights
  • This is EQM Midstream’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is EQM Midstream’s largest (disclosed) transaction.
  • This is EQM Midstream’s 2nd transaction in the United States.
  • This is EQM Midstream’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2014-04-30
Target EQT Gathering Jupiter Natural Gas Gathering System
Sector Oil/Gas Exploration
Buyer(s) EQM Midstream
Sellers(s) EQT
Deal Type Divestiture
Deal Value 1.1B USD

Target

EQT Gathering Jupiter Natural Gas Gathering System

Pennsylvania, United States
EQT Gathering Jupiter Natural Gas Gathering System comprises a natural gas gathering system covering an area of approximately 35 miles, with a compressor station, which has approximately 150 MMcf per day compression capacity and another compressor station, which has approximately 75 MMcf per day compression capacity.

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Buyer(S) 1

Buyer

EQM Midstream

Canonsburg, Pennsylvania, United States
Category Company
Founded 2012
Sector Energy Services and Equipment
Employees771
Revenue 1.6B USD (2019)
DESCRIPTION

EQM Midstream is an integrated energy company. Equitrans Midstream was founded in 2012 and is based in Canonsburg, Pennsylvania.

DEAL STATS #
Overall 2 of 7
Sector (Oil/Gas Exploration) 2 of 3
Type (Divestiture) 2 of 4
State (Pennsylvania) 1 of 3
Country (United States) 2 of 7
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Sunrise Pipeline

United States

Sunrise Pipeline, a 41.5 miles of 24-inch diameter FERC-regulated pipeline that parallels and interconnects with the segment of the Partnership’s transmission and storage system from Wetzel County, West Virginia to Greene County, Pennsylvania.

Buy $508M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 EQT Gathering Marcellus Gathering System

United States

EQT Gathering Marcellus Gathering System, comprises 100 miles of gathering pipeline and 9 compressor units providing approximately 25,000 horsepower and offers gathering and compressing natural gas for affiliates and third parties.

Buy $1.1B

Seller(S) 1

SELLER

EQT

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees881
Revenue 5.1B USD (2023)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with an emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was founded in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 5 of 9
Sector (Oil/Gas Exploration) 3 of 5
Type (Divestiture) 4 of 6
State (Pennsylvania) 2 of 5
Country (United States) 5 of 9
Year (2014) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-17 Equitable Gas Company

Pittsburgh, Pennsylvania, United States

Equitable Gas is a natural gas pipeline. Company distributes natural gas to residential, commercial, and industrial customers in southwestern Pennsylvania, north central West Virginia, and eastern Kentucky.

Sell $720M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-10 Mountain Valley Pipeline

Pittsburgh, Pennsylvania, United States

Mountain Valley Pipeline LLC is a proposal to build a pipeline to bring natural gas.

Buy -
Mergr

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