Friday, January 20, 2012

EQT Suspends Drilling In Pike County

{Pikeville, Kentucky}...EQT spokeswoman Natalie Cox says 39 jobs in Pike County will be eliminated, but employees will be given a chance to move to the company's operations in the regions which encompass the Marcellus Shale area, where drilling operations continue. The company has suspended all new drilling operations in the county, saying falling prices for the commodity forced the move. Cox says the drilling suspension will not impact EQT's construction of a regional headquarters building at Scott Fork because the company will still have 200 employees overseeing its Kentucky operations.