WITNESS: EMPLOYEE

                                                                    Exhibit 10.1


                       EMPLOYMENT AGREEMENT ADDENDUM NO. 2


        WHEREAS,  Xxxxxx  X.  Xxxxxx ("Employee") and  Equitable Resources, Inc.
(the "Company") entered into an  Employment  Agreement dated August 1, 1997 (the
"Employment Agreement").

        NOW,  THEREFORE,   in  consideration  of  the  foregoing  premises,  the
covenants  herein  contained,  and  intending to be legally  bound  hereby,  the
parties hereto agree as follows:

        1. The Employment  Agreement shall terminate effective May 31, 1998 (the
"Termination   Date"),  and  the  parties  shall  have  no  further  obligations
thereunder  except  for  payment  by  the  Company  of  salary  accrued  to  the
Termination Date.

        2.  Notwithstanding  the  foregoing,  the Employee's  obligations  under
Paragraph 5 of the Employment Agreement shall survive termination thereof.

        IN WITNESS WHEREOF,  the parties have executed this agreement as of this
29th day of May, 1998.


ATTEST:                                 EQUITABLE RESOURCES, INC.

/s/ Xxxxxx X. Xxxxxxx                         /s/ X. X. Xxxxxxx
______________________________________  By:  ___________________________________
Vice President and Corporate Secretary       Its: Xxxxxxx X. Xxxxxxx
                                                  Xx. V.P. & Chief
                                                  Administrative Officer



WITNESS:                                EMPLOYEE

/s/ Xxxxxx X. Xxxx                           /s/ Xxxxxx X. Xxxxxx
__________________________________      By:  ___________________________________
                                                 Xxxxxx X. Xxxxxx