Innovative Drilling Technologies
EQT helped pioneer advanced drilling technologies. While focused on the Appalachian
Basin, EQT is applying innovative technologies that have implications far beyond
our own production operations, promising to revolutionize the industry as a whole.
Horizontal Drilling Technology
Horizontal drilling is a new norm in our industry. Horizontal drilling now allows
us to tap into pockets of natural gas reserves trapped in underground shale beds.
Conventional vertical drilling techniques have been unable to recover these reserves
effectively or economically, but newer horizontal drilling technology allows us
to recover much more natural gas from fewer wells, saving time, energy and money.
The company drilled 161 horizontal wells in 2015. EQT's proved reserves decreased by 7% in 2015, yet its proved developed reserves increased 30% over 2014.