(Mark One)
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x
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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or
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¨
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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FOR THE TRANSITION PERIOD FROM TO
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COMMISSION FILE NUMBER 001-35574
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DELAWARE
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37-1661577
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(State or other jurisdiction of incorporation or organization)
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(IRS Employer Identification No.)
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625 Liberty Avenue, Suite 1700, Pittsburgh, Pennsylvania
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15222
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(Address of principal executive offices)
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(Zip code)
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(412) 553-5700
(Registrant’s telephone number, including area code)
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Large Accelerated Filer
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x
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Accelerated Filer
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¨
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Non-Accelerated Filer
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¨
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Smaller reporting company
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¨
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Page No.
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2016
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2015
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2016
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2015
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||||||||
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(Thousands, except per unit amounts)
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||||||||||||||
Operating revenues
(2)
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$
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170,836
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$
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148,789
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$
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523,441
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$
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448,213
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Operating expenses:
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Operating and maintenance
(3)
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17,669
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18,456
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50,121
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50,167
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Selling, general and administrative
(3)
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16,112
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14,205
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49,195
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43,585
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Depreciation and amortization
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15,704
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13,217
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46,293
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37,402
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||||
Total operating expenses
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49,485
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45,878
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145,609
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131,154
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Operating income
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121,351
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102,911
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377,832
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317,059
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Other income
(4)
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12,879
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2,469
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29,874
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4,746
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Interest expense
(5)
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7,662
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11,264
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27,311
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34,361
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Income before income taxes
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126,568
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94,116
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380,395
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287,444
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Income tax expense
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—
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—
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—
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6,703
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Net income
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$
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126,568
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$
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94,116
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$
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380,395
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$
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280,741
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Calculation of limited partners' interest in net income:
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Net income
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$
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126,568
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$
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94,116
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$
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380,395
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$
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280,741
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Less pre-acquisition net income allocated to parent
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—
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—
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—
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(11,106
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)
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Less general partner interest in net income – general partner units
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(2,227
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)
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(1,860
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)
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(6,786
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)
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(5,370
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)
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Less general partner interest in net income – incentive distribution rights
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(24,912
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)
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(12,655
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(65,961
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)
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(30,783
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)
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Limited partners' interest in net income
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$
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99,429
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$
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79,601
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$
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307,648
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$
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233,482
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Net income per limited partner unit – basic
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$
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1.23
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$
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1.12
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$
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3.89
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$
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3.44
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Net income per limited partner unit – diluted
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$
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1.23
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$
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1.12
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$
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3.89
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$
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3.44
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Weighted average limited partner units outstanding – basic
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80,599
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70,929
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78,998
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67,800
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Weighted average limited partner units outstanding – diluted
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80,599
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71,086
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79,025
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67,960
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Cash distributions declared per unit
(6)
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$
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0.815
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$
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0.675
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$
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2.34
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$
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1.925
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(1)
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Financial statements for the
nine months ended September 30, 2015
included the results of NWV Gathering for the entire period presented as a result of the NWV Gathering Acquisition on March 17, 2015. See Note B.
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(2)
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Operating revenues included affiliate revenues from EQT of
$130.4 million
and
$111.6 million
for the
three months ended September 30, 2016
and
2015
, respectively, and
$394.0 million
and
$325.9 million
for the
nine months ended September 30, 2016
and
2015
, respectively. See Note E.
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(3)
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Operating and maintenance expense included charges from EQT of
$8.1 million
and
$9.0 million
for the
three months ended September 30, 2016
and
2015
, respectively, and
$24.5 million
and
$25.6 million
for the
nine months ended September 30, 2016
and
2015
, respectively. Selling, general and administrative expense included charges from EQT of
$14.8 million
and
$12.1 million
for the
three months ended September 30, 2016
and
2015
, respectively, and
$45.1 million
and
$37.2 million
for the
nine months ended September 30, 2016
and
2015
, respectively. See Note E.
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(4)
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For the
three and nine
months ended
September 30, 2016
, other income included distributions received from EES of
$2.8 million
and
$8.3 million
, respectively, and equity income from the MVP Joint Venture of
$2.7 million
and
$6.1 million
, respectively. For the
three and nine
months ended
September 30, 2015
, other income included equity income from the MVP Joint Venture of
$0.8 million
and
$1.1 million
, respectively. See Note F.
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(5)
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Interest expense included interest on a capital lease with an affiliate of
$4.7 million
and
$5.6 million
for the
three months ended September 30, 2016
and
2015
, respectively, and
$15.3 million
and
$17.4 million
for the
nine months ended September 30, 2016
and
2015
, respectively.
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(6)
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Represents the cash distributions declared related to the period presented. See Note J.
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Nine Months Ended
September 30, |
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2016
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2015
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(Thousands)
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||||||
Cash flows from operating activities:
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Net income
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$
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380,395
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$
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280,741
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Adjustments to reconcile net income to net cash provided by operating activities:
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Depreciation and amortization
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46,293
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37,402
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Deferred income taxes
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—
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2,998
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|
||
Equity income
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(6,139
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)
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(1,147
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)
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AFUDC – equity
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(15,126
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)
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(3,599
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)
|
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Non-cash long-term compensation expense
|
195
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1,133
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|
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Changes in other assets and liabilities:
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|
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Accounts receivable
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2,379
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3,306
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Accounts payable
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8,610
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1,577
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|
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Due to/from EQT affiliates
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(39,084
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)
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(3,450
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)
|
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Other assets and other liabilities
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(7,170
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)
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|
902
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|
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Net cash provided by operating activities
|
370,353
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319,863
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|
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Cash flows from investing activities:
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|
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Capital expenditures
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(430,366
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)
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(304,567
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)
|
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MVP Interest Acquisition and capital contributions to the MVP Joint Venture
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(76,297
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)
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(84,381
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)
|
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Sales of interests in the MVP Joint Venture
|
12,533
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|
8,344
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|
||
Acquisitions – net assets from EQT
|
—
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|
(386,791
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)
|
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Preferred Interest Acquisition
|
—
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|
(124,317
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)
|
||
Net cash used in investing activities
|
(494,130
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)
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|
(891,712
|
)
|
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Cash flows from financing activities:
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|
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Proceeds from the issuance of EQM common units, net of offering costs
|
217,102
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|
760,731
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|
||
Acquisitions – purchase price in excess of net assets from EQT
|
—
|
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|
(486,392
|
)
|
||
Proceeds from credit facility borrowings
|
430,000
|
|
|
561,500
|
|
||
Payments of credit facility borrowings
|
(638,000
|
)
|
|
(211,500
|
)
|
||
Distributions paid to unitholders
|
(237,263
|
)
|
|
(149,866
|
)
|
||
Capital contributions
|
5,884
|
|
|
1,781
|
|
||
Net distributions to EQT
|
—
|
|
|
(23,866
|
)
|
||
Capital lease principal payments
|
(4,760
|
)
|
|
(5,472
|
)
|
||
Net cash (used in) provided by financing activities
|
(227,037
|
)
|
|
446,916
|
|
||
|
|
|
|
||||
Net change in cash and cash equivalents
|
(350,814
|
)
|
|
(124,933
|
)
|
||
Cash and cash equivalents at beginning of period
|
350,814
|
|
|
126,175
|
|
||
Cash and cash equivalents at end of period
|
$
|
—
|
|
|
$
|
1,242
|
|
|
|
|
|
||||
Cash paid during the period for:
|
|
|
|
|
|
||
Interest, net of amount capitalized
|
$
|
31,961
|
|
|
$
|
39,885
|
|
|
|
|
|
||||
Non-cash activity during the period for
:
|
|
|
|
|
|
||
Increase in capital lease asset/obligation
|
$
|
35,944
|
|
|
$
|
19,800
|
|
Increase in MVP Joint Venture investment/payable for capital contributions (see Note F)
|
13,095
|
|
|
—
|
|
||
Elimination of net current and deferred tax liabilities
|
—
|
|
|
84,446
|
|
||
Limited partner and general partner units issued for acquisitions
|
$
|
—
|
|
|
$
|
52,500
|
|
(1)
|
Financial statements for the
nine months ended September 30, 2015
included the results of NWV Gathering for the entire period presented as a result of the NWV Gathering Acquisition on March 17, 2015. See Note B.
|
|
September 30, 2016
|
|
December 31, 2015
|
||||
ASSETS
|
(Thousands, except number of units)
|
||||||
Current assets:
|
|
|
|
|
|
||
Cash and cash equivalents
|
$
|
—
|
|
|
$
|
350,814
|
|
Accounts receivable (net of allowance for doubtful accounts of $226 as of September 30, 2016 and $238 as of December 31, 2015)
|
14,752
|
|
|
17,131
|
|
||
Accounts receivable – affiliate
|
73,267
|
|
|
77,925
|
|
||
Due from related party
|
5,023
|
|
|
—
|
|
||
Other current assets
|
2,521
|
|
|
1,680
|
|
||
Total current assets
|
95,563
|
|
|
447,550
|
|
||
|
|
|
|
||||
Property, plant and equipment
|
2,732,689
|
|
|
2,228,967
|
|
||
Less: accumulated depreciation
|
(303,241
|
)
|
|
(258,974
|
)
|
||
Net property, plant and equipment
|
2,429,448
|
|
|
1,969,993
|
|
||
|
|
|
|
||||
Investments in unconsolidated entities
|
284,643
|
|
|
201,342
|
|
||
Other assets
|
19,838
|
|
|
14,950
|
|
||
Total assets
|
$
|
2,829,492
|
|
|
$
|
2,633,835
|
|
|
|
|
|
||||
LIABILITIES AND PARTNERS’ CAPITAL
|
|
|
|
|
|
||
Current liabilities:
|
|
|
|
|
|
||
Accounts payable
|
$
|
71,583
|
|
|
$
|
35,868
|
|
Due to related party
|
—
|
|
|
33,413
|
|
||
Credit facility borrowings
|
91,000
|
|
|
299,000
|
|
||
Capital contribution payable to MVP Joint Venture
|
13,095
|
|
|
—
|
|
||
Accrued interest
|
3,875
|
|
|
8,753
|
|
||
Accrued liabilities
|
16,588
|
|
|
12,194
|
|
||
Total current liabilities
|
196,141
|
|
|
389,228
|
|
||
|
|
|
|
||||
Long-term debt
|
493,978
|
|
|
493,401
|
|
||
Lease obligation
|
201,745
|
|
|
175,660
|
|
||
Other long-term liabilities
|
8,910
|
|
|
7,834
|
|
||
Total liabilities
|
900,774
|
|
|
1,066,123
|
|
||
|
|
|
|
||||
Partners’ capital:
|
|
|
|
|
|
||
Common units (80,581,758 and 77,520,181 units issued and outstanding at September 30, 2016 and December 31, 2015, respectively)
|
1,948,458
|
|
|
1,598,675
|
|
||
General partner interest (1,443,015 units issued and outstanding at September 30, 2016 and December 31, 2015)
|
(19,740
|
)
|
|
(30,963
|
)
|
||
Total partners’ capital
|
1,928,718
|
|
|
1,567,712
|
|
||
Total liabilities and partners’ capital
|
$
|
2,829,492
|
|
|
$
|
2,633,835
|
|
|
|
|
Partners’ Capital
|
|
|
||||||||||||||
|
Predecessor
|
|
Limited Partners
|
|
General
|
|
|
||||||||||||
|
Equity
|
|
Common
|
|
Subordinated
|
|
Partner
|
|
Total
|
||||||||||
|
(Thousands)
|
||||||||||||||||||
Balance at January 1, 2015
|
$
|
315,105
|
|
|
$
|
1,647,910
|
|
|
$
|
(929,374
|
)
|
|
$
|
(27,497
|
)
|
|
$
|
1,006,144
|
|
Net income
|
11,106
|
|
|
233,482
|
|
|
—
|
|
|
36,153
|
|
|
280,741
|
|
|||||
Capital contributions
|
—
|
|
|
7,260
|
|
|
—
|
|
|
148
|
|
|
7,408
|
|
|||||
Equity-based compensation plans
|
—
|
|
|
1,180
|
|
|
—
|
|
|
33
|
|
|
1,213
|
|
|||||
Distributions to unitholders
|
—
|
|
|
(113,527
|
)
|
|
(10,057
|
)
|
|
(26,282
|
)
|
|
(149,866
|
)
|
|||||
Conversion of subordinated units to common units
(2)
|
—
|
|
|
(939,431
|
)
|
|
939,431
|
|
|
—
|
|
|
—
|
|
|||||
Net distributions to EQT
|
(23,866
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(23,866
|
)
|
|||||
Proceeds from issuance of common units, net of offering costs
|
—
|
|
|
758,812
|
|
|
—
|
|
|
1,919
|
|
|
760,731
|
|
|||||
Elimination of net current and deferred tax liabilities
|
84,446
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
84,446
|
|
|||||
NWV Gathering net assets from EQT
|
(386,791
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(386,791
|
)
|
|||||
Issuance of units
|
—
|
|
|
38,910
|
|
|
—
|
|
|
13,590
|
|
|
52,500
|
|
|||||
Purchase price in excess of net assets from EQT
|
—
|
|
|
(505,452
|
)
|
|
—
|
|
|
(33,440
|
)
|
|
(538,892
|
)
|
|||||
Balance at September 30, 2015
|
$
|
—
|
|
|
$
|
1,129,144
|
|
|
$
|
—
|
|
|
$
|
(35,376
|
)
|
|
$
|
1,093,768
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Balance at January 1, 2016
|
$
|
—
|
|
|
$
|
1,598,675
|
|
|
$
|
—
|
|
|
$
|
(30,963
|
)
|
|
$
|
1,567,712
|
|
Net income
|
—
|
|
|
307,648
|
|
|
—
|
|
|
72,747
|
|
|
380,395
|
|
|||||
Capital contributions
|
—
|
|
|
567
|
|
|
—
|
|
|
10
|
|
|
577
|
|
|||||
Equity-based compensation plans
|
—
|
|
|
195
|
|
|
—
|
|
|
—
|
|
|
195
|
|
|||||
Distributions to unitholders
|
—
|
|
|
(175,729
|
)
|
|
—
|
|
|
(61,534
|
)
|
|
(237,263
|
)
|
|||||
Proceeds from issuance of common units, net of offering costs
|
—
|
|
|
217,102
|
|
|
—
|
|
|
—
|
|
|
217,102
|
|
|||||
Balance at September 30, 2016
|
$
|
—
|
|
|
$
|
1,948,458
|
|
|
$
|
—
|
|
|
$
|
(19,740
|
)
|
|
$
|
1,928,718
|
|
(1)
|
Financial statements for the
nine months ended September 30, 2015
included the results of NWV Gathering for the entire period presented as a result of the NWV Gathering Acquisition on March 17, 2015. See Note B.
|
(2)
|
All subordinated units were converted to common units on a
one
-for-one basis on February 17, 2015. For purposes of calculating net income per common and subordinated unit, the conversion of the subordinated units is deemed to have occurred on January 1, 2015.
|
A.
|
Financial Statements
|
B.
|
Acquisitions
|
C.
|
Partners' Capital and Net Income per Limited Partner Unit
|
|
Limited Partner Units
|
|
General
|
|
|
||||||
|
Common
|
|
Subordinated
|
|
Partner Units
|
|
Total
|
||||
Balance at January 1, 2015
|
43,347,452
|
|
|
17,339,718
|
|
|
1,238,514
|
|
|
61,925,684
|
|
Conversion of subordinated units to common units
|
17,339,718
|
|
|
(17,339,718
|
)
|
|
—
|
|
|
—
|
|
2014 EQM VDA issuance
|
21,063
|
|
|
—
|
|
|
430
|
|
|
21,493
|
|
March 2015 equity offering
|
9,487,500
|
|
|
—
|
|
|
25,255
|
|
|
9,512,755
|
|
NWV Gathering Acquisition consideration
|
511,973
|
|
|
—
|
|
|
178,816
|
|
|
690,789
|
|
$750 million "At the Market" (ATM) Program
|
1,162,475
|
|
|
—
|
|
|
—
|
|
|
1,162,475
|
|
November 2015 equity offering
|
5,650,000
|
|
|
—
|
|
|
—
|
|
|
5,650,000
|
|
Balance at December 31, 2015
|
77,520,181
|
|
|
—
|
|
|
1,443,015
|
|
|
78,963,196
|
|
2014 EQM VDA issuance
|
19,796
|
|
|
—
|
|
|
—
|
|
|
19,796
|
|
EQM Total Return Program issuance
|
92,472
|
|
|
—
|
|
|
—
|
|
|
92,472
|
|
$750 million ATM Program
|
2,949,309
|
|
|
—
|
|
|
—
|
|
|
2,949,309
|
|
Balance at September 30, 2016
|
80,581,758
|
|
|
—
|
|
|
1,443,015
|
|
|
82,024,773
|
|
D.
|
Financial Information by Business Segment
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Thousands)
|
||||||||||||||
Revenues from external customers (including affiliates):
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gathering
|
$
|
93,406
|
|
|
$
|
78,883
|
|
|
$
|
281,003
|
|
|
$
|
230,806
|
|
Transmission and storage
|
77,430
|
|
|
69,906
|
|
|
242,438
|
|
|
217,407
|
|
||||
Total
|
$
|
170,836
|
|
|
$
|
148,789
|
|
|
$
|
523,441
|
|
|
$
|
448,213
|
|
|
|
|
|
|
|
|
|
||||||||
Operating income:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gathering
|
$
|
69,497
|
|
|
$
|
57,863
|
|
|
$
|
209,410
|
|
|
$
|
168,804
|
|
Transmission and storage
|
51,854
|
|
|
45,048
|
|
|
168,422
|
|
|
148,255
|
|
||||
Total operating income
|
$
|
121,351
|
|
|
$
|
102,911
|
|
|
$
|
377,832
|
|
|
$
|
317,059
|
|
|
|
|
|
|
|
|
|
||||||||
Reconciliation of operating income to net income:
|
|
|
|
|
|
|
|
|
|
|
|||||
Other income
|
12,879
|
|
|
2,469
|
|
|
29,874
|
|
|
4,746
|
|
||||
Interest expense
|
7,662
|
|
|
11,264
|
|
|
27,311
|
|
|
34,361
|
|
||||
Income tax expense
|
—
|
|
|
—
|
|
|
—
|
|
|
6,703
|
|
||||
Net income
|
$
|
126,568
|
|
|
$
|
94,116
|
|
|
$
|
380,395
|
|
|
$
|
280,741
|
|
|
September 30, 2016
|
|
December 31, 2015
|
||||
|
(Thousands)
|
||||||
Segment assets:
|
|
|
|
|
|
||
Gathering
|
$
|
1,183,896
|
|
|
$
|
963,877
|
|
Transmission and storage
|
1,351,757
|
|
|
1,110,027
|
|
||
Total operating segments
|
2,535,653
|
|
|
2,073,904
|
|
||
Headquarters, including cash
|
293,839
|
|
|
559,931
|
|
||
Total assets
|
$
|
2,829,492
|
|
|
$
|
2,633,835
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Thousands)
|
||||||||||||||
Depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gathering
|
$
|
7,000
|
|
|
$
|
5,441
|
|
|
$
|
20,634
|
|
|
$
|
15,841
|
|
Transmission and storage
|
8,704
|
|
|
7,776
|
|
|
25,659
|
|
|
21,561
|
|
||||
Total
|
$
|
15,704
|
|
|
$
|
13,217
|
|
|
$
|
46,293
|
|
|
$
|
37,402
|
|
|
|
|
|
|
|
|
|
||||||||
Expenditures for segment assets:
|
|
|
|
|
|
|
|
||||||||
Gathering
|
$
|
84,030
|
|
|
$
|
55,387
|
|
|
$
|
235,740
|
|
|
$
|
160,685
|
|
Transmission and storage
|
66,615
|
|
|
36,788
|
|
|
221,731
|
|
|
116,270
|
|
||||
Total
(1)
|
$
|
150,645
|
|
|
$
|
92,175
|
|
|
$
|
457,471
|
|
|
$
|
276,955
|
|
(1)
|
EQM accrues capital expenditures when work has been completed but the associated bills have not yet been paid. These accrued amounts are excluded from capital expenditures on the statements of consolidated cash flows until they are paid in a subsequent period. Accrued capital expenditures were approximately
$45.4 million
,
$49.3 million
and
$18.3 million
at
September 30, 2016
,
June 30, 2016
and
December 31, 2015
, respectively. Accrued capital expenditures were approximately
$23.5 million
,
$27.0 million
and
$51.1 million
at
September 30, 2015
,
June 30, 2015
and
December 31, 2014
, respectively.
|
E.
|
Related Party Transactions
|
F.
|
Investments in Unconsolidated Entities
|
G.
|
Credit Facility Borrowings
|
H.
|
Fair Value Measurements
|
I.
|
Income Taxes
|
J.
|
Distributions
|
K.
|
Subsequent Events
|
|
Three Months Ended September 30,
|
|
Nine Months Ended September 30,
|
||||||||||||||||||
|
2016
|
|
2015
|
|
% Change
|
|
2016
|
|
2015
|
|
% Change
|
||||||||||
FINANCIAL DATA
|
(Thousands, other than per day amounts)
|
||||||||||||||||||||
Firm reservation fee revenues
|
$
|
80,735
|
|
|
$
|
64,091
|
|
|
26.0
|
|
|
$
|
240,652
|
|
|
$
|
182,440
|
|
|
31.9
|
|
Volumetric based fee revenues:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Usage fees under firm contracts
(1)
|
10,024
|
|
|
8,562
|
|
|
17.1
|
|
|
31,516
|
|
|
25,176
|
|
|
25.2
|
|
||||
Usage fees under interruptible contracts
|
2,647
|
|
|
6,230
|
|
|
(57.5
|
)
|
|
8,835
|
|
|
23,190
|
|
|
(61.9
|
)
|
||||
Total volumetric based fee revenues
|
12,671
|
|
|
14,792
|
|
|
(14.3
|
)
|
|
40,351
|
|
|
48,366
|
|
|
(16.6
|
)
|
||||
Total operating revenues
|
93,406
|
|
|
78,883
|
|
|
18.4
|
|
|
281,003
|
|
|
230,806
|
|
|
21.7
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating and maintenance
|
9,180
|
|
|
9,546
|
|
|
(3.8
|
)
|
|
26,259
|
|
|
26,563
|
|
|
(1.1
|
)
|
||||
Selling, general and administrative
|
7,729
|
|
|
6,033
|
|
|
28.1
|
|
|
24,700
|
|
|
19,598
|
|
|
26.0
|
|
||||
Depreciation and amortization
|
7,000
|
|
|
5,441
|
|
|
28.7
|
|
|
20,634
|
|
|
15,841
|
|
|
30.3
|
|
||||
Total operating expenses
|
23,909
|
|
|
21,020
|
|
|
13.7
|
|
|
71,593
|
|
|
62,002
|
|
|
15.5
|
|
||||
Operating income
|
$
|
69,497
|
|
|
$
|
57,863
|
|
|
20.1
|
|
|
$
|
209,410
|
|
|
$
|
168,804
|
|
|
24.1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
OPERATIONAL DATA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Gathering volumes (BBtu per day)
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Firm reservation
|
1,523
|
|
|
1,120
|
|
|
36.0
|
|
|
1,463
|
|
|
1,059
|
|
|
38.1
|
|
||||
Volumetric based services
(2)
|
342
|
|
|
386
|
|
|
(11.4
|
)
|
|
359
|
|
|
409
|
|
|
(12.2
|
)
|
||||
Total gathered volumes
|
1,865
|
|
|
1,506
|
|
|
23.8
|
|
|
1,822
|
|
|
1,468
|
|
|
24.1
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Capital expenditures
|
$
|
84,030
|
|
|
$
|
55,387
|
|
|
51.7
|
|
|
$
|
235,740
|
|
|
$
|
160,685
|
|
|
46.7
|
|
(1)
|
Includes fees on volumes gathered in excess of firm contracted capacity.
|
(2)
|
Includes volumes gathered under interruptible contracts and volumes gathered in excess of firm contracted capacity.
|
|
Three Months Ended September 30,
|
|
Nine Months Ended September 30,
|
||||||||||||||||||
|
2016
|
|
2015
|
|
% Change
|
|
2016
|
|
2015
|
|
% Change
|
||||||||||
FINANCIAL DATA
|
(Thousands, other than per day amounts)
|
||||||||||||||||||||
Firm reservation fee revenues
|
$
|
59,610
|
|
|
$
|
57,238
|
|
|
4.1
|
|
|
$
|
190,003
|
|
|
$
|
182,092
|
|
|
4.3
|
|
Volumetric based fee revenues:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Usage fees under firm contracts
(1)
|
14,600
|
|
|
11,200
|
|
|
30.4
|
|
|
42,274
|
|
|
30,217
|
|
|
39.9
|
|
||||
Usage fees under interruptible contracts
|
3,220
|
|
|
1,468
|
|
|
119.3
|
|
|
10,161
|
|
|
5,098
|
|
|
99.3
|
|
||||
Total volumetric based fee revenues
|
17,820
|
|
|
12,668
|
|
|
40.7
|
|
|
52,435
|
|
|
35,315
|
|
|
48.5
|
|
||||
Total operating revenues
|
77,430
|
|
|
69,906
|
|
|
10.8
|
|
|
242,438
|
|
|
217,407
|
|
|
11.5
|
|
||||
Operating expenses:
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating and maintenance
|
8,489
|
|
|
8,910
|
|
|
(4.7
|
)
|
|
23,862
|
|
|
23,604
|
|
|
1.1
|
|
||||
Selling, general and administrative
|
8,383
|
|
|
8,172
|
|
|
2.6
|
|
|
24,495
|
|
|
23,987
|
|
|
2.1
|
|
||||
Depreciation and amortization
|
8,704
|
|
|
7,776
|
|
|
11.9
|
|
|
25,659
|
|
|
21,561
|
|
|
19.0
|
|
||||
Total operating expenses
|
25,576
|
|
|
24,858
|
|
|
2.9
|
|
|
74,016
|
|
|
69,152
|
|
|
7.0
|
|
||||
Operating income
|
$
|
51,854
|
|
|
$
|
45,048
|
|
|
15.1
|
|
|
$
|
168,422
|
|
|
$
|
148,255
|
|
|
13.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
OPERATIONAL DATA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Transmission pipeline throughput (BBtu per day)
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Firm capacity reservation
|
1,440
|
|
|
1,751
|
|
|
(17.8
|
)
|
|
1,515
|
|
|
1,866
|
|
|
(18.8
|
)
|
||||
Volumetric based services
(2)
|
610
|
|
|
300
|
|
|
103.3
|
|
|
556
|
|
|
257
|
|
|
116.3
|
|
||||
Total transmission pipeline throughput
|
2,050
|
|
|
2,051
|
|
|
—
|
|
|
2,071
|
|
|
2,123
|
|
|
(2.4
|
)
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Average contracted firm transmission reservation commitments (BBtu per day)
|
2,365
|
|
|
2,390
|
|
|
(1.0
|
)
|
|
2,591
|
|
|
2,567
|
|
|
0.9
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Capital expenditures
|
$
|
66,615
|
|
|
$
|
36,788
|
|
|
81.1
|
|
|
$
|
221,731
|
|
|
$
|
116,270
|
|
|
90.7
|
|
(1)
|
Includes commodity charges and fees on volumes transported in excess of firm contracted capacity.
|
(2)
|
Includes volumes transported under interruptible contracts and volumes transported in excess of firm contracted capacity.
|
•
|
EQM’s operating performance as compared to other publicly traded partnerships in the midstream energy industry without regard to historical cost basis or, in the case of adjusted EBITDA, financing methods;
|
•
|
the ability of EQM’s assets to generate sufficient cash flow to make distributions to EQM’s unitholders;
|
•
|
EQM’s ability to incur and service debt and fund capital expenditures; and
|
•
|
the viability of acquisitions and other capital expenditure projects and the returns on investment of various investment opportunities.
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Thousands)
|
||||||||||||||
Net income
|
$
|
126,568
|
|
|
$
|
94,116
|
|
|
$
|
380,395
|
|
|
$
|
280,741
|
|
Add:
|
|
|
|
|
|
|
|
||||||||
Interest expense
|
7,662
|
|
|
11,264
|
|
|
27,311
|
|
|
34,361
|
|
||||
Depreciation and amortization expense
|
15,704
|
|
|
13,217
|
|
|
46,293
|
|
|
37,402
|
|
||||
Income tax expense
|
—
|
|
|
—
|
|
|
—
|
|
|
6,703
|
|
||||
Non-cash long-term compensation expense
|
—
|
|
|
328
|
|
|
195
|
|
|
1,133
|
|
||||
Less:
|
|
|
|
|
|
|
|
||||||||
Equity income
|
(2,700
|
)
|
|
(753
|
)
|
|
(6,139
|
)
|
|
(1,147
|
)
|
||||
AFUDC – equity
|
(7,412
|
)
|
|
(1,716
|
)
|
|
(15,126
|
)
|
|
(3,599
|
)
|
||||
Capital lease payments for AVC
(1)
|
(3,786
|
)
|
|
(3,078
|
)
|
|
(17,186
|
)
|
|
(15,349
|
)
|
||||
Adjusted EBITDA attributable to NWV Gathering prior to acquisition
(2)
|
—
|
|
|
—
|
|
|
—
|
|
|
(19,841
|
)
|
||||
Adjusted EBITDA
|
$
|
136,036
|
|
|
$
|
113,378
|
|
|
$
|
415,743
|
|
|
$
|
320,404
|
|
Less:
|
|
|
|
|
|
|
|
||||||||
Interest expense excluding capital lease interest
|
(2,926
|
)
|
|
(5,697
|
)
|
|
(11,979
|
)
|
|
(16,971
|
)
|
||||
Capitalized interest and AFUDC - debt
(3)
|
(3,171
|
)
|
|
—
|
|
|
(6,307
|
)
|
|
—
|
|
||||
Ongoing maintenance capital expenditures net of expected reimbursements
(4)
|
(4,230
|
)
|
|
(5,902
|
)
|
|
(9,360
|
)
|
|
(8,827
|
)
|
||||
Distributable cash flow
|
$
|
125,709
|
|
|
$
|
101,779
|
|
|
$
|
388,097
|
|
|
$
|
294,606
|
|
|
|
|
|
|
|
|
|
||||||||
Net cash provided by operating activities
|
$
|
101,673
|
|
|
$
|
80,761
|
|
|
$
|
370,353
|
|
|
$
|
319,863
|
|
Adjustments:
|
|
|
|
|
|
|
|
||||||||
Capital lease payments for AVC
(1)
|
(3,786
|
)
|
|
(3,078
|
)
|
|
(17,186
|
)
|
|
(15,349
|
)
|
||||
Capital lease interest expense
|
4,736
|
|
|
5,567
|
|
|
15,332
|
|
|
17,390
|
|
||||
Capitalized interest and AFUDC - debt
(3)
|
(3,171
|
)
|
|
—
|
|
|
(6,307
|
)
|
|
—
|
|
||||
Ongoing maintenance capital expenditures, net of expected reimbursements
(4)
|
(4,230
|
)
|
|
(5,902
|
)
|
|
(9,360
|
)
|
|
(8,827
|
)
|
||||
Current tax expense (benefit)
|
—
|
|
|
—
|
|
|
—
|
|
|
3,705
|
|
||||
Adjusted EBITDA attributable to NWV Gathering prior to acquisition
(2)
|
—
|
|
|
—
|
|
|
—
|
|
|
(19,841
|
)
|
||||
Other, including changes in working capital
|
30,487
|
|
|
24,431
|
|
|
35,265
|
|
|
(2,335
|
)
|
||||
Distributable cash flow
|
$
|
125,709
|
|
|
$
|
101,779
|
|
|
$
|
388,097
|
|
|
$
|
294,606
|
|
(1)
|
Reflects capital lease payments due under the lease. These lease payments are generally made monthly on a one month lag.
|
(2)
|
Adjusted EBITDA attributable to NWV Gathering prior to acquisition for the periods presented was excluded from EQM’s adjusted EBITDA calculations as these amounts were generated by NWV Gathering prior to EQM’s acquisition; therefore, they were not amounts that could have been distributed to EQM’s unitholders. Adjusted EBITDA attributable to NWV Gathering for the
nine months ended September 30, 2015
was calculated as net income of
$11.1 million
plus depreciation and amortization expense of
$2.0 million
plus income tax expense of
$6.7 million
.
|
(3)
|
As a result of the increased significance of capitalized interest and AFUDC - debt in 2016, this line item was added as an adjustment to the calculation of distributable cash flow for the
three and nine
months ended
September 30, 2016
. Had distributable cash flow been calculated on a consistent basis, it would have been $1.5 million and $3.1 million lower for the
three and nine
months ended
September 30, 2015
, respectively, than the numbers presented herein.
|
(4)
|
Ongoing maintenance capital expenditures, net of expected reimbursements excludes ongoing maintenance that EQM expects to be reimbursed or that was reimbursed by EQT under the terms of EQM's omnibus agreement of
$0.4 million
and
$5.7 million
for the
three months ended September 30, 2016
and
2015
, respectively, and
$0.6 million
and
$7.4 million
for the
nine months ended September 30, 2016
and
2015
, respectively. Additionally, it excludes ongoing maintenance attributable to NWV Gathering prior to acquisition of
$0.3 million
for the
nine months ended September 30, 2015
.
|
•
|
Ohio Valley Connector
. The OVC, which began service on October 1, 2016, is a 37-mile pipeline that extends EQM's transmission and storage system from northern West Virginia to Clarington, Ohio, at which point it interconnects with the Rockies Express Pipeline and may interconnect with other pipelines and liquidity points. The OVC will provide approximately 850 BBtu per day of transmission capacity with an aggregate compression of approximately 38,000 horsepower at an estimated cost of $360 million, excluding AFUDC, of which $220 million is expected to be spent in 2016. EQT has entered into a 20-year transportation service agreement with EQM for a total of 650 BBtu per day of firm transmission capacity on the OVC.
|
•
|
Range Resources Header Pipeline Project
. EQM is constructing a natural gas header pipeline for a subsidiary of Range Resources Corporation (Range Resources) in southwestern Pennsylvania to support Marcellus development. The pipeline is expected to cost approximately $250 million and is contracted to provide 600 MMcf per day of firm capacity backed by a ten-year firm capacity reservation commitment. EQM plans to complete the project in two phases. On October 1, 2016, phase one was placed into service providing 75 MMcf per day of firm capacity. Phase two is expected to be completed during the first half of 2017. EQM expects to invest approximately $180 million on the project in 2016.
|
•
|
Gathering Expansion Projects.
EQM expects to invest a total of approximately $370 million, of which approximately $90 million is expected to be spent during 2016, related to expansion in the NWV Gathering development area. These expenditures are part of a fully subscribed expansion project expected to raise total firm gathering capacity in the
|
•
|
Equitrans and AVC Expansion Projects
. EQM is evaluating several multi-year transmission capacity expansion projects to support production growth in the Marcellus and Utica Shales that could total an additional 1.5 Bcf per day of capacity by year-end 2018. The projects may include additional compression, pipeline looping and new header pipelines. EQM expects to spend approximately $20 million on these expansion projects during 2016. As described in Note K, EQM acquired AVC from EQT as part of the October 2016 Acquisition. EQM expects to invest approximately $50 million in AVC related growth projects during the remainder of 2016 and 2017, of which approximately $25 million is expected to be spent during the fourth quarter of 2016.
|
•
|
Mountain Valley Pipeline
. The MVP Joint Venture is a joint venture with affiliates of each of NextEra Energy, Inc., Consolidated Edison, Inc., WGL Holdings, Inc. and RGC Resources, Inc. EQM is the operator of the MVP and owned a
45.5%
interest in the MVP Joint Venture as of
October 27, 2016
. The 42 inch diameter MVP has a targeted initial capacity of 2.0 Bcf per day and is estimated to span 300-miles extending from EQM's existing transmission and storage system in Wetzel County, West Virginia to Pittsylvania County, Virginia. As currently designed, the MVP is estimated to cost a total of $3.0 billion to $3.5 billion, excluding AFUDC, with EQM funding its proportionate share through capital contributions made to the joint venture. In 2016, EQM expects to provide capital contributions of approximately $100 million to the MVP Joint Venture, primarily in support of material orders, environmental and land assessments and engineering design work. Expenditures are expected to increase substantially as construction commences, with the bulk of the expenditures expected to be made in 2017 and 2018. The MVP Joint Venture has secured a total of 2.0 Bcf per day of 20-year firm capacity commitments, including a 1.29 Bcf per day firm capacity commitment by EQT, and is currently in negotiation with additional shippers who have expressed interest in the MVP project. The MVP Joint Venture submitted the MVP certificate application to the FERC in October 2015, and the FERC issued the Notice of Schedule for Environmental Review (NOS) and the Draft Environmental Impact Statement on June 28, 2016 and September 16, 2016, respectively. Based on the schedule provided in the NOS, the MVP Joint Venture anticipates receiving the certificate in mid-2017. The pipeline is targeted to be placed in-service during the fourth quarter of 2018.
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||
|
(Thousands)
|
||||||||||||||
Expansion capital expenditures
(1)
|
$
|
145,489
|
|
|
$
|
80,078
|
|
|
$
|
446,747
|
|
|
$
|
257,932
|
|
Maintenance capital expenditures:
|
|
|
|
|
|
|
|
||||||||
Ongoing maintenance
|
4,645
|
|
|
11,562
|
|
|
9,937
|
|
|
16,572
|
|
||||
Funded regulatory compliance
|
511
|
|
|
535
|
|
|
787
|
|
|
2,451
|
|
||||
Total maintenance capital expenditures
|
5,156
|
|
|
12,097
|
|
|
10,724
|
|
|
19,023
|
|
||||
Total capital expenditures
(2)
|
$
|
150,645
|
|
|
$
|
92,175
|
|
|
$
|
457,471
|
|
|
$
|
276,955
|
|
(1)
|
Expansion capital expenditures do not include capital contributions made to the MVP Joint Venture. Capital contributions to the MVP Joint Venture were
$35.6 million
and
$76.3 million
for the
three and nine
months ended
September 30, 2016
, respectively. In the first quarter of 2015, EQM paid approximately
$54.2 million
for its acquisition of EQT's ownership interest in the MVP Joint Venture as described in Note B.
|
(2)
|
EQM accrues capital expenditures when work has been completed but the associated bills have not yet been paid. These accrued amounts are excluded from capital expenditures on the statements of consolidated cash flows until they are paid in a subsequent period. Accrued capital expenditures were approximately
$45.4 million
,
$49.3 million
and
$18.3 million
at
September 30, 2016
,
June 30, 2016
and
December 31, 2015
, respectively. Accrued capital expenditures were approximately
$23.5 million
,
$27.0 million
and
$51.1 million
at
September 30, 2015
,
June 30, 2015
and
December 31, 2014
, respectively.
|
Rating Service
|
|
Senior Notes
|
|
Outlook
|
Moody’s Investors Service (Moody's)
|
|
Ba1
|
|
Stable
|
Standard & Poor’s Ratings Services (S&P)
|
|
BBB-
|
|
Stable
|
Fitch Ratings (Fitch)
|
|
BBB-
|
|
Stable
|
2.1
|
|
Purchase and Sale Agreement, dated as of October 13, 2016, by and among EQT Corporation, EQT Gathering Holdings, LLC, EQT Gathering, LLC, EQT Midstream Partners, LP, Equitrans Investments, LLC, Equitrans, L.P. and EQM Gathering Opco, LLC. EQT Midstream Partners, LP will furnish supplementally a copy of any omitted schedule and similar attachment to the SEC upon request.
|
10.1
|
|
364-Day Uncommitted Revolving Loan Agreement, dated as of October 26, 2016, by and between EQT Corporation and EQT Midstream Partners, LP.
|
10.2
|
|
Amendment No. 3 to Jupiter Gas Gathering Agreement, dated as of August 1, 2016, by and among EQT Production Company and EQT Energy, LLC, on the one hand, and EQM Gathering Opco, LLC (as assignee of EQT Gathering, LLC) on the other hand. Specific items in this exhibit have been redacted, as marked by three asterisks [***], because confidential treatment for those items has been requested from the SEC. The redacted material has been separately filed with the SEC.
|
10.3
|
|
Transition Agreement and General Release, dated as of September 9, 2016, by and between EQT Corporation and Theresa Z. Bone.
|
31.1
|
|
Rule 13(a)-14(a) Certification of Principal Executive Officer.
|
31.2
|
|
Rule 13(a)-14(a) Certification of Principal Financial Officer.
|
32
|
|
Section 1350 Certification of Principal Executive Officer and Principal Financial Officer.
|
101
|
|
Interactive Data File.
|
|
EQT Midstream Partners, LP
|
||
|
(Registrant)
|
||
|
|
|
|
|
By:
|
EQT Midstream Services, LLC, its General Partner
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Robert J. McNally
|
|
|
|
Robert J. McNally
|
|
|
|
Senior Vice President and Chief Financial Officer
|
Exhibit No.
|
|
Document Description
|
|
Method of Filing
|
|
2.1
|
|
|
Purchase and Sale Agreement, dated as of October 13, 2016, by and among EQT Corporation, EQT Gathering Holdings, LLC, EQT Gathering, LLC, EQT Midstream Partners, LP, Equitrans Investments, LLC, Equitrans, L.P. and EQM Gathering Opco, LLC. EQT Midstream Partners, LP will furnish supplementally a copy of any omitted schedule and similar attachment to the SEC upon request.
|
|
Incorporated herein by reference to Exhibit 2.1 to Form 8-K (#001-35574) filed on October 13, 2016.
|
10.1
|
|
|
364-Day Uncommitted Revolving Loan Agreement, dated as of October 26, 2016, by and between EQT Corporation and EQT Midstream Partners, LP.
|
|
Filed herewith as Exhibit 10.1.
|
10.2
|
|
|
Amendment No. 3 to Jupiter Gas Gathering Agreement, dated as of August 1, 2016, by and among EQT Production Company and EQT Energy, LLC, on the one hand, and EQM Gathering Opco, LLC (as assignee of EQT Gathering, LLC) on the other hand. Specific items in this exhibit have been redacted, as marked by three asterisks [***], because confidential treatment for those items has been requested from the SEC. The redacted material has been separately filed with the SEC.
|
|
Filed herewith as Exhibit 10.2.
|
10.3
|
|
|
Transition Agreement and General Release, dated as of September 9, 2016, by and between EQT Corporation and Theresa Z. Bone.
|
|
Filed herewith as Exhibit 10.3.
|
31.1
|
|
|
Rule 13(a)-14(a) Certification of Principal Executive Officer.
|
|
Filed herewith as Exhibit 31.1.
|
31.2
|
|
|
Rule 13(a)-14(a) Certification of Principal Financial Officer.
|
|
Filed herewith as Exhibit 31.2.
|
32
|
|
|
Section 1350 Certification of Principal Executive Officer and Principal Financial Officer.
|
|
Furnished herewith as Exhibit 32.
|
101
|
|
|
Interactive Data File.
|
|
Filed herewith as Exhibit 101.
|
(a)
|
Non-Payment
. Borrower or any guarantor fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or (ii) within five days after the same becomes due, any interest on any Loan or any other amount payable hereunder or under any guarantee executed in connection herewith;
|
(b)
|
Insolvency Proceedings, Etc.
Borrower or any Subsidiary institutes or consents to the institution of any proceeding under any Bankruptcy Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Bankruptcy Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding;
|
(c)
|
Inability to Pay Debts; Attachment
. (i) Borrower or any Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy;
|
(d)
|
Guarantee Requirement.
Borrower shall fail to comply with
Section 5(c)
;
|
(e)
|
Invalidity of Agreement.
This Agreement or any guarantee executed in respect of this Agreement at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or payment in full of all Loans, ceases to be in full force and effect; or Borrower or any other Person contests in any manner the validity or enforceability of this Agreement or any such guarantee;
|
(f)
|
Cross-Payment Default.
Borrower or any of its Subsidiaries (i) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any indebtedness (other than the Loans) of Borrower and one or more Subsidiaries, arising in one or more related or unrelated transactions, in an aggregate principal or face amount exceeding $15,000,000 (“
Material Debt
”) or (ii) fails to observe or perform any other agreement or condition relating to any Material Debt or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Material Debt to cause, with the giving of notice if required, the maturity of such Material Debt to be accelerated or to cause such Material Debt to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an
|
(g)
|
Representations and Warranties.
Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of Borrower or any guarantor, in this Agreement or in any guarantee executed in connection herewith, or in any document delivered in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; provided that (except in the case of any representation, warranty or certification made with respect to any financial statement of Borrower) if such lack of correctness is capable of being remedied or cured within a 30-day period, Borrower or such guarantor shall have a period of 30 days after the earlier of (i) written notice thereof has been given to Borrower by Lender or (ii) Borrower having obtained knowledge thereof, within which to remedy or cure such lack of correctness;
|
(h)
|
Judgments.
There is entered against Borrower or any Subsidiary final judgments or orders for the payment of money in an aggregate amount exceeding $15,000,000 (to the extent not (i) covered by independent third-party insurance as to which the insurer does not dispute coverage and/or (ii) fully indemnified by (x) Lender or (y) a third party who has acknowledged liability for such judgment and has provided credit support for such indemnity obligations that is reasonably acceptable to Lender), and (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 30 consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect; or
|
(i)
|
Change of Control.
a Change of Control shall occur,
|
EQT Corporation
|
|
|
|
|
|
By:
|
/s/ David L. Porges
|
Name:
|
David L. Porges
|
Title:
|
Chief Executive Officer
|
EQT Midstream Partners, LP
|
||
|
|
|
By:
|
EQT Midstream Services, LLC, its general
partner
|
|
|
|
|
|
By:
|
/s/ Robert J. McNally
|
|
Name:
|
Robert J. McNally
|
|
Title:
|
Senior Vice President and Chief
Financial Officer
|
a.
|
Exhibit A
attached to the Agreement is hereby deleted in its entirety and replaced with the revised Exhibit A attached hereto as Attachment 1.
|
b.
|
Section II (Table of Incremental Capital Fees) of
Exhibit B-2
attached to the Agreement is hereby deleted in its entirety and replaced with the revised Section II (Table of Incremental Capital Fees) attached hereto as Attachment 2. In accordance with Section 4.2(b) of the Agreement, the Parties have agreed to an Incremental Capital Project in respect of the new Receipt Point identified in Section II of
Exhibit B-2
(the “
West Run - Hopewell Ridge Receipt Point
”), which is separate from the West Run Receipt Point in Zone 1 identified on the revised Exhibit A attached hereto as Attachment 1. The Parties further agree that:
|
i.
|
this Incremental Capital Project shall not trigger an increase in the Compression MDQ or the Contract MDQ or an extension of any Term under the Agreement;
|
ii.
|
the Incremental Capital Fee shall be a negotiated volumetric rate of [***] (in lieu of a Monthly reservation rate) for all Gas delivered by Shipper and received by Gatherer at West Run - Hopewell Ridge Receipt Point, which Receipt Point will not be subject to the Target Receipt Point Pressure, and any Gas delivered to such Receipt Point shall not be considered in calculating the Compression MDQ, the Contract MDQ or the Overrun Fees under the Agreement;
|
iii.
|
shipper shall not install wellhead or other compression upstream of the West Run - Hopewell Ridge Receipt point without prior written consent from Gatherer.
|
iv.
|
the Incremental Capital Fee shall apply to Gas delivered to the West Run - Hopewell Ridge Receipt Point beginning [***] and until [***], and thereafter shall apply to such Gas until terminated by either Party on the last Day of a Month by delivering written notice to the other Party at least thirty (30) Days prior to the date of termination.
|
c.
|
Exhibit D
attached to the Agreement is hereby deleted in its entirety and replaced with the revised Exhibit D attached hereto as Attachment 3.
|
d.
|
In Section III (Site Specific Data and Facility Responsibility Matrix) of
Exhibit F
attached to the Agreement:
|
i.
|
the page including Section III.A.1 (Receipt Point Interconnect Data) is hereby deleted in its entirety and replaced with the revised pages including Section III.A.1 (Receipt Point Interconnect Data) attached hereto as Attachment 4; and
|
i.
|
Section III.A.2 (Responsibility for Interconnect Facility Equipment) is hereby amended to include the additional Interconnect Facilities responsibilities tables for the meters identified as set forth below, which tables (1) establish the design, construction, operation, maintenance and cost responsibility for each such meter and (2) are attached hereto as Attachment 5.
|
5234610
|
5234612
|
M5234260
|
5234613
|
5235813
|
M5234486
|
M5234487
|
M5234488
|
17020
|
M5248813
|
M5248814
|
M5248816
|
033297
|
033341
|
M5234259
|
M5226733
|
M5226735
|
M5224755
|
M5225755
|
M5210064
|
M5210065
|
M5210066
|
M5219031
|
M5219033
|
M5249530
|
M5238116
|
M5238117
|
M5248049
|
M5241305
|
M5241307
|
M5241308
|
M5254623
|
M5100053
|
EQT PRODUCTION COMPANY
|
|
EQM GATHERING OPCO, LLC
|
||
|
|
|
|
|
By:
|
/s/ Erin Centofanti
|
|
By:
|
/s/ David Gray
|
Name:
|
Erin Centofanti
|
|
Name:
|
David Gray
|
Title:
|
SVP, Engineering
|
|
Title:
|
Senior Vice President
|
|
|
|
|
|
EQT ENERGY, LLC
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Troy D. Larkin
|
|
|
|
Name:
|
Troy D. Larkin
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Title:
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SVP, Trading & Asset Management
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Receipt Point(s)
|
Receipt Point MDQ
MMcf/Day
|
Zone
|
Zone MDQ
MMcf/Day
|
HLB65
|
60
|
Zone 1
|
300
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West Run
|
80
|
Zone 1
|
300
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Koloski
|
90
|
Zone 1
|
300
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ROG279
|
80
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Zone 1
|
300
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Pierce
|
100
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Zone 1
|
300
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Walker B
|
30
|
Zone 1
|
300
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Moore
|
40
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Zone 1
|
300
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Phillips
|
30
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Zone 1
|
300
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Scotts Run
|
30
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Zone 1
|
300
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Patterson Creek
|
60
|
Zone 1
|
300
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ROG162
|
120
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Zone 1
|
300
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ROG79
|
50
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Zone 1
|
300
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Moninger
|
200
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Zone 2
|
370
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Cooper
|
140
|
Zone 2
|
370
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Big Sky
|
75
|
Zone 2
|
370
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Way176
|
45
|
Zone 2
|
370
|
Amity
|
15
|
Zone 2
|
370
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Harden Farm
|
110
|
Zone 2
|
370
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Connors
|
65
|
Zone 2
|
370
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Pettit
|
65
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Zone 2
|
370
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Hughes
|
55
|
Zone 2
|
370
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Roberts
|
9
|
Zone 2
|
370
|
Harden
|
25
|
Zone 2
|
370
|
Shipman
|
37.5
|
Zone 2
|
370
|
J&J
|
37.5
|
Zone 2
|
370
|
|
|
|
|
Lacko
|
250
|
Zone 3
|
370
|
Hildebrand
|
35
|
Zone 3
|
370
|
Pyles
|
40
|
Zone 3
|
370
|
Beazer
|
50
|
Zone 3
|
370
|
Yabolnski
|
70
|
Zone 3
|
370
|
Way153
|
60
|
Zone 3
|
370
|
Nicoloff
|
30
|
Zone 3
|
370
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McMillan
|
20
|
Zone 3
|
370
|
Robinson
|
20
|
Zone 3
|
370
|
Thompson
|
25
|
Zone 3
|
370
|
Thistlewaite
|
2
|
Zone 3
|
370
|
Alpha
|
80
|
Zone 3
|
370
|
|
|
|
|
West Run - Hopewell Ridge
|
N/A
|
N/A
|
N/A
|
Delivery Point(s)
|
Location
|
Ingram
|
Equitrans H-109
|
Amity
|
Equitrans H-125
|
Jupiter
|
Equitrans H-148
|
Callisto
|
Equitrans H-160
|
Hopewell Ridge
|
Equitrans H-160
|
Pipers Ridge
|
Equitrans M-78
|
Europa
|
Equitrans H-165
|
Drip Liquids
Delivery Point(s)
|
Location
|
Not applicable
|
|
|
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Contract MDQ:
|
[***]
|
Compression MDQ:
|
[***]
|
Incremental Capital Project
|
Contract MDQ
|
Incremental Capital Fee
|
In-Service Date
|
Applicable Expansion Term
|
West Run - Hopewell Ridge Receipt Point
|
[***]
|
Volumetric fee of [***]
|
[***]
|
Until [***], and thereafter until terminated by either Party on the last Day of a Month by delivering written notice to the other Party at least thirty (30) Days prior to the date of termination.
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A.
|
In addition to the minimum design specification and operating parameters set forth in the Engineering and Technical Design Standards, the following specifications shall be followed:
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1.
|
Receipt Point Interconnect Data
: The table below provides for the list of meters covered under this Agreement which may be updated from time to time in accordance with the terms and conditions of this Agreement. Each meter in the Receipt Point Interconnect table shall conform to the specifications listed in the table applicable to such meter under Section III(A)(2).
|
Meter ID
|
Meter Name
|
GPS Coordinates
|
MAOP
|
MinDQ*
(Mcf / Day)
|
MaxDQ
(Mcf / Day)
|
17019
|
Cooper B
|
39.95597, -80.26908
|
720
|
1,220
|
78,500
|
11798
|
Roberts 1
|
39.94097, -80.326422
|
720
|
320
|
19,600
|
17018
|
Roberts 2
|
39.94097, -80.25422
|
720
|
320
|
19,600
|
11796
|
McMillen
|
39.9836, -80.1209
|
720
|
710
|
45,900
|
17042
|
Pyles 1
|
39.969918, -80.110996
|
1,440
|
1,670
|
78,500
|
17035
|
Hildebrand
|
39.974133, -80.096991
|
720
|
650
|
45,900
|
17022
|
Robison 1
|
39.979817, -80.072114
|
720
|
680
|
45,900
|
18156
|
Robison 2
|
39.97799, -80.07021
|
720
|
720
|
45,900
|
17043
|
Thompson 1
|
39.948602, -80.096748
|
720
|
680
|
45,900
|
17115
|
Thompson 2
|
39.948602, -80.096748
|
720
|
680
|
45,900
|
11797
|
Thistlewaite
|
39.96395, -80.100731
|
720
|
320
|
19,600
|
17044
|
Conner 1
|
39.946228, -80.240644
|
720
|
680
|
45,900
|
5100003
|
Conner 2
|
39.946228, -80.240644
|
720
|
680
|
45,900
|
17037
|
Phillips
|
39.933614, -80.293665
|
1,400
|
1,150
|
115,300
|
18155
|
Walker B
|
39.934471, -80.318565
|
1,400
|
1,600
|
67,500
|
5100014
|
Scott’s Run 1
|
39.93239, -80.32793
|
1,400
|
2,700
|
115,300
|
5100015
|
Scott’s Run 2
|
39.93239, -80.32793
|
1,400
|
2,700
|
115,300
|
5100065
|
Moore 2
|
39.92772, -80.33715
|
1,400
|
2,700
|
115,300
|
5100039
|
West Run (NIJUS25)
|
39.913752, -80.303533
|
1,400
|
2,700
|
115,300
|
5100053
|
West Run - Hopewell Ridge (NIJUD002)
|
39.91312, -80.30316
|
1,400
|
2,511
|
87,994
|
Meter ID
|
Meter Name
|
GPS Coordinates
|
MAOP
|
MinDQ*
(Mcf / Day)
|
MaxDQ
(Mcf / Day)
|
5100055
|
Patterson 1
|
39.936506, -80.310759
|
1,400
|
2,700
|
115,300
|
5100063
|
Patterson 2
|
39.936506, -80.310759
|
1,400
|
2,700
|
115,300
|
5100057
|
Nicoloff 1
|
39.954037, -80.065039
|
720
|
720
|
45,900
|
5100018
|
Pierce 1
|
39.90734, -80.28209
|
720
|
2,630
|
78,500
|
5100019
|
Pierce 2
|
39.90734, -80.28209
|
720
|
2,630
|
78,500
|
5100064
|
Pierce 3
|
39.90734, -80.28209
|
720
|
2,630
|
45,900
|
5213961
|
Big Sky 1
|
39.99805556,-80.20277
|
720
|
1,750
|
78,500
|
5213962
|
Big Sky 2
|
39.99805556, -80.20277
|
720
|
1,750
|
78,500
|
5213963
|
Big Sky 3
|
39.99805556, -80.20277
|
720
|
1,030
|
45,900
|
M5220213
|
Petit 1
|
39.94523, -80.23994
|
720
|
1,227
|
44,838
|
M5220220
|
Petit 2
|
39.94523, -80.23994
|
720
|
1,227
|
44,838
|
M5220221
|
Petit 3
|
39.94523, -80.23994
|
720
|
726
|
26,240
|
M5224083
|
Nicoloff 2
|
39.954037, -80.065039
|
720
|
1,227
|
44,838
|
M5224627
|
Alpha 1
|
39.960097, -80.130604
|
720
|
1,227
|
44,838
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M5224714
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Alpha 2
|
39.960097, -80.130604
|
720
|
1,227
|
44,838
|
M5225755
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Scott's Run 3
|
39.93237, -80.32812
|
1,400
|
1,227
|
64,353
|
5234610
|
Moninger Run 1
|
39.99511, -80.20636
|
1,440
|
1,227
|
64,353
|
5234612
|
Moninger Run 2
|
39.99511, -80.20636
|
1,440
|
1,227
|
64,353
|
5234613
|
Moninger Run 3
|
39.99511, -80.20636
|
1,440
|
1,227
|
64,353
|
5235813
|
Moninger Run 4
|
39.99511, -80.20636
|
1,440
|
1,227
|
64,353
|
M5234486
|
Koloski Run 1
|
39.95875, -80.31068
|
1,440
|
1,227
|
64,353
|
M5234487
|
Koloski Run 2
|
39.95875, -80.31068
|
1,440
|
1,227
|
64,353
|
M5234488
|
Koloski Run 3
|
39.95875, -80.31068
|
1,440
|
1,227
|
64,353
|
17020
|
Iames
|
40.0308, -80.15266
|
720
|
726
|
37,660
|
M5248813
|
Petit 4
|
39.94684, -80.24028
|
1,440
|
1,227
|
64,353
|
M5248814
|
Petit 5
|
39.94684, -80.24028
|
1,440
|
1,227
|
64,353
|
M5248816
|
Petit 6
|
39.94684, -80.24028
|
1,440
|
1,227
|
64,353
|
Meter ID
|
Meter Name
|
GPS Coordinates
|
MAOP
|
MinDQ*
(Mcf / Day)
|
MaxDQ
(Mcf / Day)
|
M5254623
|
Petit 7
|
39.94684, -80.24028
|
1,440
|
1,227
|
64,353
|
M5219031
|
Shipman 1
|
39.991551, -80.194235
|
720
|
726
|
37,660
|
M5219033
|
Shipman 2
|
39.991551, -80.194235
|
720
|
1,227
|
64,353
|
33297
|
Ingram 590004
|
39.93929, -80.26466
|
720
|
356
|
16,118
|
33341
|
ROG46H1
|
39.94097, -80.26422
|
720
|
356
|
16,118
|
M5210064
|
Lacko 1
|
39.968683, -80.150911
|
720
|
1,227
|
64,353
|
M5210065
|
Lacko 2
|
39.968683, -80.150911
|
720
|
1,227
|
64,353
|
M5210066
|
Lacko 3
|
39.968683, -80.150911
|
720
|
1,227
|
64,353
|
M5224755
|
Pyles 2
|
39.96643, -80.1116
|
1,440
|
1,227
|
64,353
|
M5234259
|
Yablonski 1
|
39.99347, -80.06271
|
1,440
|
1,227
|
64,353
|
M5234260
|
Yablonski 2
|
39.99347, -80.06271
|
1,440
|
1,227
|
64,353
|
M5226733
|
Beazer 1
|
39.92417, -80.10866
|
1,440
|
1,227
|
64,353
|
M5226735
|
Beazer 2
|
39.92417, -80.10866
|
1,440
|
1,227
|
64,353
|
M5249530
|
Beazer 3
|
39.92417, -80.10866
|
1,440
|
1,556
|
57,163
|
M5238116
|
J & J
|
39.99807, -80.20293
|
1,440
|
1,556
|
57,163
|
M5238117
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J & J
|
39.99807, -80.20293
|
1,440
|
1,556
|
57,163
|
M5248049
|
J & J
|
39.99807, -80.20293
|
1,440
|
1,556
|
57,163
|
M5241305
|
Harden Farm 1
|
39.939969, -80.264877
|
1,440
|
1,556
|
57,163
|
M5241307
|
Harden Farm 2
|
39.939969, -80.264877
|
1,440
|
1,556
|
57,163
|
M5241308
|
Harden Farm 3
|
39.939969, -80.264877
|
1,440
|
1,556
|
57,163
|
2.
|
Responsibility for Interconnect Facility Equipment
. Each of the following tables establish, for the meter specified in the cell located in the first row of the first column of such table (or, if no meter is specified in such cell, then for each meter not specified in any of the other tables included below) the design, construction, operation, maintenance and cost responsibility for certain aspects of the Interconnect Facilities. All of the following design responsibilities designated as Producer’s responsibility shall be incorporated into the design and construction of the Interconnect Facilities:
|
SCOTTS RUN GATHERING MM B RUN,
M5225755
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Koloski Gathering MM Run 1, M5234486
Koloski Gathering MM Run 2, M5234487
Koloski Gathering MM Run 3, M5234488
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Shipman Gathering MM - Run 1, M5219031
Shipman Gathering MM - Run 2, M5219033
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Lacko MM Gathering Unit 1, M5210064
Lacko MM Gathering Unit 2, M5210065
Lacko MM Gathering Unit 3, M5210066
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Pyles 2
Meter M5224755
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Yablonski Gathering MM Run 1, M5234259
Yablonski Gathering MM Run 2, M5234260
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet & Station Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Outlet & Station Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecom Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication service
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
Beazer
Meters M5226733, M5226735, M5249530
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
EQT Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Station & Outlet Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telcomm Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
TBD
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
No
|
|
|
|
|
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication Service(s)
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
J&J Meters
M5238116, M5238117, M5248049
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
EQT Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Station & Outlet Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
|
|
|
|
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telcomm Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
No
|
|
|
|
|
|
Heat
|
No
|
|
|
|
|
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication Service(s)
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
|
|
|
|
|
ROG46H1
Meter 033341
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
EQT Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Station & Outlet Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
No
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
No
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecomm Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
No
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication Service(s)
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
590004 Ingram
Meter 033297
STATION EQUIPMENT
|
REQUIRED
|
DESIGN
|
INSTALL
|
OWNERSHIP
|
OPERATE
|
MAINTAIN
|
PIPING
|
|
|
|
|
|
|
EQT Pipeline-Tap & Valve
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Inlet Piping
|
Yes
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Station & Outlet Piping
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Test Station - inlet piping
|
No
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
Test Station - outlet piping
|
Yes
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Corrosion coupon
|
No
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
Gatherer
|
GAS CONDITIONING
|
|
|
|
|
|
|
Filter Separator
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Liquid Level Shutoff
|
No
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
MEASUREMENT
|
|
|
|
|
|
|
Meter & Meter Runs
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Meter & Flow Control Risers, Valves, etc…
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electronic Measurement & Telecomm Hardware
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
GAS QUALITY
|
|
|
|
|
|
|
Chromatograph
|
No
|
|
|
|
|
|
Continuous Sampler
|
No
|
|
|
|
|
|
H2O Dew Point Analyzer
|
No
|
|
|
|
|
|
Oxygen Analyzer
|
No
|
|
|
|
|
|
H2S Monitor
|
No
|
|
|
|
|
|
PRESSURE / FLOW CONTROL
|
|
|
|
|
|
|
Primary Pressure Control
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Overpressure Device
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Station Isolation Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Flow Control Valve
|
No
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Heat
|
No
|
Gatherer
|
Producer
|
Producer
|
Producer
|
Producer
|
Check Valve
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
ODORIZATION
|
|
|
|
|
|
|
Odorizer & Controls
|
No
|
|
|
|
|
|
MISCELLANEOUS
|
|
|
|
|
|
|
Communication Service(s)
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Electrical Service
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Building - Gas Chromatograph
|
No
|
|
|
|
|
|
Building - Odorizer
|
No
|
|
|
|
|
|
Fence/Vehicle Barrier/Signage
|
Yes
|
Gatherer
|
Producer
|
Producer
|
Gatherer
|
Producer
|
Air Permit
|
No
|
Producer
|
Producer
|
Producer
|
Producer
|
Producer
|
EQT CORPORATION
|
|
|
|
|
|
|
|
By:
|
/s/ Charlene Petrelli
|
|
/s/ Theresa Z. Bone
|
|
Charlene Petrelli
|
|
Theresa Z. Bone
|
|
Vice President and
|
|
|
|
Chief Human Resources Officer
|
|
|
|
|
|
|
|
9/9/2016
|
|
9/9/2016
|
|
Date
|
|
Date
|
|
Theresa Z. Bone
|
|
Date
|
EQT CORPORATION
|
|
EMPLOYEE
|
|
|
|
|
|
By:
|
/s/ Charlene Petrelli
|
|
/s/ Theresa Z. Bone
|
|
|
|
Name: Theresa Z. Bone
|
|
|
|
|
|
VP & Chief HR Officer
|
|
9/9/2016
|
|
Title
|
|
Date
|
|
|
|
|
|
9/9/2016
|
|
|
|
Date
|
|
|
EQT CORPORATION
|
|
EMPLOYEE
|
|
|
|
|
|
By:
|
/s/ Charlene Petrelli
|
|
/s/ Theresa Z. Bone
|
Name:
|
Charlene Petrelli
|
|
Theresa Z. Bone
|
|
|
|
|
Title:
|
Vice President &
|
|
|
|
Chief Human Resources Officer
|
|
|
|
|
|
|
|
EQT Midstream Partners, LP
|
|
|
|
/s/ David L. Porges
|
|
David L. Porges
|
|
President and Chief Executive Officer, EQT Midstream Services, LLC, the registrant’s General Partner
|
|
EQT Midstream Partners, LP
|
|
|
|
/s/ Robert J. McNally
|
|
Robert J. McNally
|
|
Senior Vice President and Chief Financial Officer, EQT Midstream Services, LLC, the registrant’s General Partner
|
/s/ David L. Porges
|
|
|
October 27, 2016
|
David L. Porges
President and Chief Executive Officer, EQT Midstream Services, LLC, EQM’s General Partner
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Robert J. McNally
|
|
|
October 27, 2016
|
Robert J. McNally
Senior Vice President and Chief Financial Officer, EQT Midstream Services, LLC, EQM’s General Partner
|
|
|