Sec Form 4 Filing - O LOUGHLIN JOHANNA G @ EQUITABLE RESOURCES INC /PA/ - 2007-11-15

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person O LOUGHLIN JOHANNA G 2. Issuer Name and Ticker or Trading Symbol EQUITABLE RESOURCES INC /PA/ [ EQT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Sr VP, Gen Counsel and Sec'y (Last) (First) (Middle) 225 NORTH SHORE DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 11/15/2007 (Street) PITTSBURGH, PA15212-5861 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/15/2007 M 9,350 A $ 20.575 79,543 D Common Stock 11/15/2007 F 6,052 D $ 53.405 73,491 D Common Stock 11/15/2007 M 22,758 A $ 37.42 96,249 D Common Stock 11/15/2007 F 18,848 D $ 53.405 77,401 D Common Stock 11/15/2007 M 14,432 A $ 18.375 91,833 D Common Stock 11/15/2007 F 4,049 D $ 53.79 87,784 D Common Stock 11/16/2007 S 783 D $ 52.92 87,001 D Common Stock 11/16/2007 S 2,000 D $ 52.93 85,001 D Common Stock 11/16/2007 S 200 D $ 52.91 84,801 D Common Stock 11/16/2007 S 1,500 D $ 52.94 83,301 D Common Stock 11/16/2007 S 300 D $ 52.95 83,001 D Common Stock 11/16/2007 S 200 D $ 52.96 82,801 D Common Stock 11/16/2007 S 300 D $ 52.97 82,501 D Common Stock 11/16/2007 S 200 D $ 52.98 82,301 D Common Stock 11/16/2007 S 200 D $ 52.99 82,101 D Common Stock 11/16/2007 S 400 D $ 53.02 81,701 D Common Stock 11/16/2007 S 500 D $ 53.03 81,201 D Common Stock 11/16/2007 S 500 D $ 53.04 80,701 D Common Stock 11/16/2007 S 100 D $ 53.045 80,601 D Common Stock 11/16/2007 S 300 D $ 53.05 80,301 D Common Stock 11/16/2007 S 800 D $ 53.06 79,501 D Common Stock 11/16/2007 S 100 D $ 53.09 79,401 D Common Stock 11/16/2007 S 100 D $ 53.11 79,301 D Common Stock 11/16/2007 S 400 D $ 53.13 78,901 D Common Stock 11/16/2007 S 100 D $ 53.135 78,801 D Common Stock 11/16/2007 S 500 D $ 53.14 78,301 D Common Stock 11/16/2007 S 500 D $ 53.15 77,801 D Common Stock 11/16/2007 S 200 D $ 53.16 77,601 D Common Stock 11/16/2007 S 200 D $ 53.17 77,401 D Common Stock 5,952 I Savings Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Option (Right-to-Buy) $ 18.375 11/15/2007 M 14,432 02/05/2003 05/25/2009 Common Stock 14,432 $ 0 0 D Option (Right-to-Buy) $ 20.575 11/15/2007 M 9,350 09/26/2003 05/25/2009 Common Stock 9,350 $ 0 0 D Option (Right-to-Buy) $ 37.42 11/15/2007 M 22,758 03/20/2006 02/27/2013 Common Stock 22,758 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other O LOUGHLIN JOHANNA G 225 NORTH SHORE DRIVE PITTSBURGH, PA15212-5861 Sr VP, Gen Counsel and Sec'y Signatures JOHANNA G O'LOUGHLIN 11/19/2007 Signature of Reporting Person Date

Explanation of Responses:
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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