The transaction will result in Equinor no longer having operated assets in the U.S. onshore. : Equinor ASA and EQT Corp. have agreed to exchange several natural gas assets in the United States mainly in Pennsylvania state, which would result in the Norwegian energy major no longer having operated assets in the U.S. onshore. The non-operated assets that Pittsburgh City-based EQT is divesting have a greater net gas production, based on 2025 estimates, compared to those it is acquiring from majority state-owned Equinor. However, EQT’s acquisition includes infrastructure assets and a gas purchase commitment from Equinor.