Non-operating positions give holders a cut from the hydrocarbons sold without taking charge of drilling or other operations, although they must contribute their share of costs.
Natural gas prices have pummeled to three-year lows, forcing producers to curb output and spending on drilling activity, especially in the Marcellus and Utica shale regions.
"We plan to opportunistically divest the remaining portion of our non-operated assets in northeast Pennsylvania," EQT CEO Toby Rice said on Monday.
EQT's plan to exit the position comes as the company tries to accelerate cutting its $5.9 billion debt pile and boost shareholder returns.
The company said on Monday it expects the assets acquired from Equinor to generate nearly $75 million in free cash flow in 2025.
"This (deal) also means that we have now fully exited all operated positions onshore U.S.," Philippe Mathieu, executive vice president for Exploration and Production International at Equinor, said.
Norway's Equinor had been reviewing assets to exit several countries, including the United States, looking to focus on offshore operations instead of onshore ones.
EQT's shares were marginally higher, while Equinor shares were down 2.9%.
