EQT Corporation (NYSE:EQT – News) today announced that it will acquire approximately 58,000 net acres in the Marcellus Shale

EQT Corporation (NYSE:EQT – News) today announced that it will acquire approximately 58,000 net acres in the Marcellus Shale from a group of private operators and landowners.  The acreage is located primarily in Cameron, Clearfield, Elk and Jefferson counties in Pennsylvania.  The purchase includes a 200 mile gathering system, with associated rights of way, and approximately 100 producing vertical wells.  

At closing, EQT will pay approximately $280 million, 90% with EQT stock and 10% with cash.  Following the closing of the acquisition, EQT will hold more than 500,000 net acres in the high-pressure Marcellus shale fairway. The company expects the transaction to close by April 30, subject to customary closing conditions.

{loadposition in-article}

“We are pleased to add to our substantial, firmly held acreage position in the heart of the Marcellus fairway. [Read the full article]

In January 2010 National Check Trust, Inc. (NCT) merged with – American Check Management, Inc. (ACM) another leader in check guarantee and payment processing solutions.

National Check Trust, Inc. (NCT), and American Check Management (ACM) united to create United Tranz*Actions, LLC. This merger represents the coming together of two companies with the expertise and technology to become the national leader in both check guarantee and payment processing solutions. The official name change will become effective on May 1, 2010.

National Check Trust, Inc. was founded in 1991 and is headquartered in Miramar, Florida. According to ongoing Nilson reports it became the 6th largest provider of check guarantee, with the highest average check amount in the country. [Read the full article]

An investment fund managed by URDANG, the real estate investment manager and part of BNY Mellon Asset Management, has made a participating loan to Ridgeback Partners for its acquisition of 291 finished lots and 17 homes in the Hillside development, located north of Summerlin in Las Vegas, Nevada. Urdang Value-Added Fund II L.P. (Fund II), a private real estate fund managed by Urdang Capital Management Inc., provided the acquisition financing.

The property was purchased from a consortium of banks, which had taken control of the asset in November 2008.  Terms were not disclosed.  

“The investment presents a compelling opportunity to acquire Class A finished lots in one of Las Vegas’ strongest submarkets,” said Jeffrey B. Reder, senior vice president, acquisitions, at URDANG. [Read the full article]

You may also like...