Our Net
Zero Targets
In 2024, EQT met its net-zero commitment for Scope 1 and Scope 2 GHG emissions across all of its legacy upstream operations, plus assets acquired from Tug Hill/XcL Midstream and Alta Resources, which were purchased after setting its original net zero target in 2021.
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How We Reached Net Zero
Pneumatic Device Replacement
Between June 2021 and December 2022, EQT replaced or retrofitted over 9,000 pneumatic devices, resulting in an annual reduction of approximately 300,000 MT CO2e.
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Electrification of Frac Fleets
Starting in 2020, EQT replaced conventional diesel fleets with electric fleets powered by natural gas-fired turbines using EQT-produced natural gas. This initiative reduced EQT's carbon footprint by an estimated 35,000-50,000 MT CO2e annually.
Combo Development
By the end of 2019, EQT implemented its “combo-development” approach, which applies advanced digital technologies and long-range well planning to its operational strategy. The approach improves drilling operations by approximately 30% and significantly reduces greenhouse gas emissions.
Emissions Control Devices on Acquired Alta Assets
Following the acquisition of Alta Resources, EQT installed emissions control devices on these assets, eliminating approximately 35,000 MT CO2e of GHG emissions from the assets.
Advanced Methane Monitoring and Mitigation
In 2023, EQT helped establish the Appalachian Methane Initiative, a world-class sector and technology-agnostic methane monitoring network designed to provide greater efficiency in the identification and remediation of potential fugitive methane emissions from operations in the Appalachian Basin through coordinated satellite and aerial surveys on a geographic-basis.
Local Carbon Offset Projects
In addition to operational improvements, EQT developed an initiative to offset its remaining Scope 1 and Scope 2 GHG emissions with nature-based carbon offset projects in partnership with the state of West Virginia. The initiative includes conservation management practices such as the removal of invasive species, wildfire risk monitoring, and native tree and shrub placement. These efforts are verified by West Virginia University, ensuring both economic and environmental benefits to the region.
Preserving the Environment
EQT, West Virginia Division of Forestry, and West Virginia Division of Natural Resources established a public-private partnership to implement USDA conservation management practices across more than 400,000 acres of land in West Virginia to promote the absorption of CO2 from the atmosphere and benefit Appalachia’s renowned forested lands. These efforts are verified by West Virginia University, ensuring economic and environmental benefits to the region.
- Clean-up and removal of invasive species
- Preventative actions to remove invasive species
- Support for monitoring of fire risk and watershed areas
- Improved forest access to support management
- Wildlife habitat emplacement and improvement
- Native tree and shrub placement
- Abandoned mine land reclamation support
- Upland wildlife and pollinator habitat management
- Road / Trail / Landing closure and treatment
Impacted in 2024
EQT’s carbon footprint is constantly evolving with acquisitions and growth.
NetZero Now+ reflects the achievement of our original net zero Scope 1 and Scope 2 GHG emissions goal across all assets owned by EQT and its subsidiaries as of June 30, 2024, and highlights our ongoing efforts to further reduce emissions and enhance operational efficiency across all EQT-owned assets in future years.
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“This achievement undoubtedly reflects the hard work of our incredible team to revolutionize our operations to effectively reduce our emissions while at the same time achieving peak performance and driving value.”
