FORT WORTH, Texas, August 20, 2015 – FTS International (FTSI) is proud to be the stimulation provider for EQT Corporation’s record-setting Utica well in southwestern Pennsylvania.
EQT announced that its first deep Utica well, for which FTSI provided hydraulic fracturing and wireline services, achieved an average 24-hour test rate of 72.9 MMcf per day into sales during the initial 24-hour flow back test. This initial production (IP) rate equates to a 22.6 MMcf per day IP rate per 1,000 foot of lateral. This well, known as Scotts Run and located in Greene County, Pennsylvania, has what is believed to be the highest reported IP of any Utica well to-date and is more than double the previous record.
”We worked with FTSI for months on the planning and execution of this completion and were proud to have them as our partner for the remarkably successful and safe completion of our first deep Utica well,” said Steve Schlotterbeck, President, Exploration and Production for EQT. “While this well continues to produce far beyond our initial expectations, we are now focused on improving our technology and processes in order to achieve better cost efficiencies for our next two Utica wells,” Schlotterbeck continued.
"We congratulate EQT for their continuing success as a leader in natural gas production in the Appalachian Basin. FTSI is honored to have been the services provider for this record-breaking well and many other successful EQT wells," FTSI CEO Greg Lanham said. “I also congratulate our hard-working crews for their dedication to service quality and safety, which helps us realize our vision of being the preferred well completion provider.”
FTSI has nearly 375,000 hydraulic horsepower of well stimulation equipment currently deployed in the Appalachian Basin, working in Pennsylvania, Ohio and West Virginia. FTSI also holds the distinction of being the well stimulation provider for the well with the highest reported cumulative production in the Marcellus Shale in Pennsylvania, according to Pennsylvania Department of Environmental Protection production reports.
ABOUT FTS INTERNATIONAL
FTS International (www.ftsi.com) is the largest private well completion service company in North America. The company provides well completion services, including pressure pumping, wireline and reservoir optimization technologies. Exploration and production companies use FTSI’s products, services and expertise to enhance recovery rates from oil and gas wells, primarily in unconventional plays.
ABOUT EQT CORPORATION
EQT Corporationis an integrated energy company with emphasis on Appalachian area natural gas production, gathering, and transmission. With more than 125 years of experience, EQT continues to be a leader in the use of advanced horizontal drilling technology – designed to minimize the potential impact of drilling-related activities and reduce the overall environmental footprint. Through safe and responsible operations, the Company is committed to meeting the country’s growing demand for clean-burning energy, while continuing to provide a rewarding workplace and enrich the communities where its employees live and work. EQT also owns a 90% limited partner interest in EQT GP Holdings, LP. EQT GP Holdings, LP owns a 30% limited partner interest and 2% general partner interest, including 100% of the incentive distribution rights, in EQT Midstream Partners, LP.