[Observer-Reporter] Pittsburgh-base EQT Corporation, one of the largest natural gas production company in the United States, has closed its $1.8 billion acquisition of Olympus Energy of Southpointe. EQT closed the deal with its former rival earlier this month. Olympus owns more than 100,000 acres it uses for drilling and fracking. Most of it is in Allegheny and Westmoreland Counties. EQT has a large presence in Western Pennsylvania, including Fayette, Greene and of course Washington County. It also extends into eastern Ohio and the West Virginia panhandle. A spokesperson said “this transaction strengthens our position nationally and in our core operating area in Appalachia.”
EQT Acquires Southpointe’s Olympus Energy
July 12, 2025 4:45 am