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Alta Resources, LLC

Company Summary

Description

Alta Resources has been a leader in the exploration for and development of shale oil and gas assets from the Fayetteville Shale in Arkansas to the Marcellus Shale in Pennsylvania. Most recently, Alta was a principal early developer in the liquids-rich Duvernay Shale play in the Kaybob area of Alberta, Canada.

Website

http://www.alta-resources.com/

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Recent news

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Company Transactions

Date: 9/30/2021
Type: Acquisition

BUYERS:
  • EQT Corporation
    • SELLERS:
  • Alta Resources, LLC
    • DETAILS:

    COST: 2.925 $B

    VOLUMES: 1 Bcf/d

    ACRES: 300000 Acres

    NOTES:
    EQT Resources has announced that they will be acquiring Alta Resources in a $2.925 billion deal, including Alta's upstream and midstream businesses. EQT will finance the deal with $1.0 billion in cash and $1.925 billion in EQT common stock issued directly to Alta shareholders. Closing is targeted in the third quarter of 2021.
    REGIONS:
  • Marcellus Shale

    • Date: 3/31/2017
    Type: Acquisition

    BUYERS:
  • Alta Resources, LLC
    • SELLERS:
  • Anadarko Petroleum Corporation
    • DETAILS:

    COST: 1.24 $B

    VOLUMES: 470 Mmcf/d

    ACRES: 195000 Acres

    REGIONS:
  • Marcellus Shale