Whitesburg KY

EQT adding jobs, new building in Pike County

EQT, the largest natural gas producer in the Appalachian basin, is expanding its regional headquarters in Pikeville.

Governor Steve Beshear’s office said the expansion by EQT Corp., formerly known as Equitable, will create 100 new jobs at an average yearly wage of over $55,000. The project includes construction of a new 45,000-squarefoot complex in Pike County.

The expansion is expected to be completed in 2010.

The governor’s office says EQT won approval for tax benefits up to $2.5 million under the Kentucky Jobs Development Act.

In 2008, EQT invested more than $762 million in Kentucky natural gas production and transportation.

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