North American producers such as EQT and BHP Billiton have had to adjust strategies to continue operating in challenging economic times, squeezing out operational efficiencies or shifting focus to concentrate on different regions or commodities, speakers said Wednesday at CERAWeek by IHS Market. Appalachian-focused producer EQT has concentrated on achieving efficiency gains as the company developed its assets in the Marcellus and Utica shales, Blue Jenkins, chief commercial officer of the Pittsburgh-based company, said at the energy conference. EQT, an early entrant into the Appalachian Basin play, has seen its production in the basin increase about fivefold, to about 2.2 Bcf/d in 2017 from 500,000 Mcf/d in 2011, making it the fifth-largest US gas producer, Jenkins said. Article continues below… Your source for actionable intelligence across the entire gas marketplace: Market commentary recaps prior day’s spot and futures trading activity Natural gas news, including FERC rulings and insights Price […]