Rice Team urges EQT Corporation shareholders to vote for Rice Team nominees
The Rice Team, shareholders of EQT Corporation, released a letter from John McCartney, a Rice Team nominee for the EQT Board of Directors, to fellow EQT shareholders. In the letter, McCartney, who is an EQT shareholder and has served as a director on nine public company boards, including on the Rice Energy board from March 2015 through its merger with EQT in November 2017, notes the Rice Team's intensely analytical, data and technology-driven decision processes as being central to Rice Energy's success. He also highlights the Rice Team's ability to fuse technology and human capital to generate remarkable results - Rice Energy had the lowest well development costs in the Appalachian Basin, the highest average well productivity and was recognized as an energizing and empowering place to work - in turn creating tremendous value for shareholders. In particular, McCartney credits Toby Rice's visionary ability to apply a new, technology-enabled approach to the company's complex tasks of land acquisition, well design, well construction, upstream and midstream coordination, and other critical operations. He said, "I believe the Rice Team nominees, and Toby Rice as a CEO, can make that happen. Please vote for all of the Rice Team nominees."