EQT

ESG Data and Downloads

American Exploration and Production Council (AXPC) ESG Metrics[1], [2]

Topic

Metric

2021

2022

2023

Production of Hydrocarbons

Gross Annual Production of Oil/Condensate (Bbl)

3,542,479

2,250,243

5,351,256

Gross Annual Production of Natural Gas (Mcf)

2,164,883,736

2,025,902,436

2,256,308,164

Total Gross Annual Production (Boe)

364,356,435

339,900,649

381,402,617

Total Gross Annual Production (MBoe)

364,356

339,900

381,403

Greenhouse Gas Emissions[3]

Scope 1 GHG Emissions (MT CO2e)

836,408

683,821

668,626

Scope 1 GHG Intensity (#)
(Scope 1 GHG Emissions [MT CO2e] / Total Gross Annual Production [MBoe])

2.30

2.01

1.75

Percent of Scope 1 GHG Emissions Attributed to Gathering and Boosting Segment

22.9%

21.6%

38.3%

Scope 2 GHG Emissions (MT CO2e)

5,299

5,294

35,373

Scopes 1 and 2 Combined GHG Intensity (#)
(Scope 1 GHG Emissions [MT CO2e] + Scope 2 GHG Emissions [MT CO2e]) / Total Gross Annual Production [MBoe])

2.31

2.03

1.85

Scope 1 Methane Emissions (MT CH4)

20,643

13,870

5,070

Scope 1 Methane Intensity (#)
(Scope 1 Methane Emissions [MT CH4] / Total Gross Annual Production [MBoe])

0.06

0.04

0.01

Percent of Scope 1 Methane Emissions Attributed to Gathering and Boosting Segment

Not available

8.6%

45.2%

Flaring

Gross Annual Volume of Flared Gas (Mcf)[4]

0

0

0

Percentage of Gas Flared per Mcf of Gas Produced
(Gross Annual Volume of Flared Gas [Mcf] / Gross Annual Production of Natural Gas [Mcf])

0%

0%

0%

Volume of Gas Flared per Barrel of Oil Equivalent produced
(Gross Annual Volume of Flared Gas [Mcf] / Total Gross Annual Production [Boe])

0

0

0

Spills

Produced Liquid Spilled (Bbl)[5]

22,696

900

717

Total Produced Liquid (MBbl)

26,369

23,063

26,339

Spill Intensity (#)
(Produced Liquid Spilled [Bbl] / Total Produced Liquid [MBbl])

0.86

0.04

0.03

Water Use

Freshwater Consumed (Bbl)

39,647,886

36,685,100

42,649,071

Freshwater Intensity (#)
(Freshwater Consumed [Bbl] / Gross Annual Production [Boe])

0.12

0.11

0.11

Recycled Water (Bbl)

20,561,615

19,645,315

31,279,373

Total Water Consumed (Bbl)

60,209,501

56,330,415

73,928,444

Water Recycle Rate (%)
(Recycled Water [Bbl] / Total Water Consumed [Bbl])

34.2%

34.9%

42.3%

Does your company use WRI Aqueduct, GEMI, Water Risk Filter, Water Risk Monetizer, or other comparable tool or methodology to determine the water stressed areas in your portfolio?

Yes

Yes

Yes

Safety

Employee OSHA Recordable Cases

2

9

Annual Employee Workhours

1,348,781

1,471,840

1,575,944

Employee TRIR
(Employee OSHA Recordable Cases x 200,000 / Annual Employee Workhours)[6]

0.30

0.82

1.14

Contractor OSHA Recordable Cases

18

22

24

Annual Contractor Workhours

5,063,315

5,338,964

6,085,081

Contractor TRIR
(Contractor OSHA Recordable Cases x 200,000 / Annual Contractor Workhours)

0.71

0.82

0.79

Combined Employee and Contractor OSHA Recordable Cases

20

28

33

Annual Combined Employee and Contractor Workhours

6,412,096

6,810,804

7,661,024

Employee and Contractor Combined TRIR
(Combined Employee and Contractor OSHA Recordable Cases x 200,000 / Annual Combined Employee and Contractor Workhours)

0.62

0.82

0.86

[1] All data is year-ended December 31, respective to the year.

[2] In July 2021, we acquired strategic assets located in the Appalachian Basin from Alta Resources Development, LLC (the Alta Assets). All of the data included in the table above includes data from the Alta Assets. Additionally, in August 2023, we acquired THQ Appalachia I Midco, LLC (Tug Hill) and THQ-XcL Holdings I Midco, LLC (XcL Midstream), and respective upstream and midstream assets associated with such acquisition (the Tug-XcL Assets). Data from the Tug-XcL Assets is included within the 2023 data column in the table above.

[3] We are subject to the methodologies for reporting GHG emissions under Subpart W (Petroleum and Natural Gas Systems) of the EPA’s Greenhouse Gas Reporting Program. We calculate our Scope 1 GHG emissions using EPA calculation guidelines under 40 Code of Federal Regulations Part 98. Notably, there are certain sources of emissions which are not reported to the EPA, either because the amount of emissions does not satisfy the minimum reporting threshold or because the EPA does not require emissions from the particular source to be reported. Pursuant to the AXPC’s ESG Metrics Framework guidance, the Scope 1 GHG emissions disclosed in this table include only our EPA Subpart W emissions for the onshore production and gathering and boosting segments, and thus, in some cases there may be additional sources of Scope 1 GHG emissions that are not reflected because they are not required to be reported to the EPA under Subpart W.

[4] Per AXPC guidance, this metric applies to the flaring of wellhead gas from the primary separator at operated assets. It does not include combustion of low-pressure gas volumes from crude oil/condensate and produced water storage vessels or other low-pressure separators for the purpose of controlling emissions. It does not include flaring from drilling and/or well completions.

[5] 2021 Produced Liquid Spilled volume includes the high estimated range from a subsurface produced water leak associated with a gas processing unit (GPU) disposal line at one of our well pad sites located in Washington County, Pennsylvania, which we discovered in December 2021. Due to the age of the wells, the released produced water contained only elevated levels of chlorides, with no evidence of other fracturing chemicals. As a result, while some vegetation and aquatic life may have been impacted, testing suggests that these impacts, if any, were minor. This lack of distressed vegetation around the site and subsurface nature of the release impacted our ability to identify the release through earlier on-site inspection. We self-reported the release to the Pennsylvania Department of Environmental Protection (PADEP) and are continuing to work cooperatively with PADEP on this matter.

[6] During 2023, we experienced a larger number than usual of employees who reported tick bites and bee stings, which negatively impacted employee TRIR. Excluding such incidents, our 2023 TRIR for full-time employees would have been 0.21. For more details, see Workforce Health and Safety.


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