Press Release

Kirkland Represents EQT Corporation on $5.2 Billion Acquisition of Tug Hill and XcL Midstream Assets

Kirkland & Ellis advised EQT Corporation (NYSE: EQT), a leading independent natural gas production company, on its acquisition of Tug Hill’s upstream assets and XcL Midstream’s gathering and processing assets, for $5.2 billion. The transaction is expected to close in the fourth quarter of 2022, subject to satisfaction of customary closing conditions.

Read the transaction press release  

The Kirkland team was led by M&A partners David Feirstein, Cyril Jones and Jennifer Gasser and real assets M&A partners Anthony Speier, Rahul Vashi and Lindsey Jaquillard and associates Isaac Bate and Alexandra Gallogly, with assistance from capital markets partners Matt Pacey and Lanchi Huynh and associate Logan Weissler, and debt finance partners Rachael Lichman and Chad Davis and associate Brittany Taylor.