Exhibit 23.01


                           CONSENT OF INDEPENDENT AUDITORS


               We consent to  the incorporation by reference  of our report
          dated  February  22,  1994,  with  respect  to  the  consolidated
          financial statements  and schedules of  Equitable Resources, Inc.
          included in  this Annual  Report (Form 10-K)  for the  year ended
          December  31,  1993 in  the  Prospectus  part  of  the  following
          Registration Statements:

               Registration  Statement  No.   33-52151  on  Form   S-8
               pertaining to the 1994  Equitable Resources, Inc. Long-
               Term Incentive Plan;

               Registration  Statement   No.  33-52137  on   Form  S-8
               pertaining to the  1994 Equitable Resources, Inc.  Non-
               Employee Directors' Stock Incentive Plan;

               Post-Effective   Amendment   No.  2   to   Registration
               Statement No.  2-69010 on  Form S-8  pertaining to  the
               Equitable Resources, Inc. Key Employee Restricted Stock
               Option   and   Stock  Appreciation   Rights   Incentive
               Compensation Plan;

               Post-Effective   Amendment   No.  1   to   Registration
               Statement No. 33-00252  on Form  S-8 pertaining to  the
               Equitable Resources, Inc. Employee Savings Plan;

               Post-Effective   Amendment   No.  1   to   Registration
               Statement No. 33-10508  on Form  S-8 pertaining to  the
               Equitable Resources, Inc. Key Employee Restricted Stock
               Option   and   Stock  Appreciation   Rights   Incentive
               Compensation Plan.

               We also  consent to  the incorporation  by reference in  the
          Registration Statement No. 33-46207 on Form S-3 pertaining to the
          registration  of  $100,000,000  Medium Term  Notes,  Series  B of
          Equitable Resources, Inc.  and in the  related Prospectus of  our
          report dated  February 22, 1994, with respect to the consolidated
          financial statements  and schedules of Equitable  Resources, Inc.
          included in  this Annual  Report (Form 10-K)  for the  year ended
          December 31, 1993.

               We also  consent to  the incorporation  by reference of  our
          report  dated  March  4,  1994  with  respect  to  the  financial
          statements  and  schedules  of  the  Equitable   Resources,  Inc.
          Employee Savings  Plan included in the Annual  Report (Form 11-K)
          for the year ended October 31, 1993, included in Exhibit 99.01 to
          this Annual Report (Form 10-K)  into Post-Effective Amendment No.
          1 to Registration Statement  No. 33-00252 on Form  S-8 pertaining
          to the Equitable Resources, Inc. Employee Savings Plan.














                                           By
                                                ___________________________
                                                      Ernst & Young




          Pittsburgh, Pennsylvania
          March 21, 1994