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Tug Hill Operating

Company Summary

Description

As a privately held independent oil and gas exploration company, Tug Hill Operating is focused on drilling and producing oil and clean natural gas in the continental United States.

Website

http://www.tughilloperating.com/

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Recent news

Company Transactions

Date: 12/31/2022
Type: Acquisition

BUYERS:
  • EQT Corporation
    • SELLERS:
  • THQ Appalachia I
  • XcL Midstream Operating, LLC
  • Tug Hill Operating
  • Quantum Energy Partners
  • Tug Hill
    • DETAILS:

    COST: 5.2 $B

    VOLUMES: 800 Mmcfe/d

    ACRES: 90000 Acres

    NOTES:
    EQT has entered into a purchase agreement with THQ Appalachia I for its upstream assets and the XcL Midstream gathering & processing position for $5.2 billion. The deal will include $2.6 billion in cash and $2.6 billion in EQT common stock. THQ is backed by commitments from Quantum Energy Partners, and the deal will close in 4Q22.
    REGIONS:
  • Appalachia

    • Date: 2/22/2016
    Type: Acquisition

    BUYERS:
  • Tug Hill Operating
  • Tug Hill
    • SELLERS:
  • Gastar Exploration LLC
    • DETAILS:

    COST: 80 $MM

    ACRES: 37400 Acres

    REGIONS:
  • Marcellus Shale
  • Utica