Oil, Gas and Consumable Fuels
Company Overview of Rice Energy Inc.
Rice Energy Inc., an independent natural gas and oil company, is engaged in the acquisition, exploration, and development of natural gas and oil properties in the Appalachian Basin. The company holds interest in the Marcellus Shale, an unconventional reservoir that produces natural gas, natural gas liquids, and oil; and the Utica Shale, an unconventional reservoir underlying the Marcellus Shale. As of December 31, 2013, it had approximately 43,351 pro forma net acres in the southwestern core of the Marcellus Shale primarily in Washington County, Pennsylvania; 34.3 net producing wells in the Marcellus Shale; and 325 net pro forma identified Marcellus drilling locations. The company also owned...
171 Hillpointe Drive
Canonsburg, PA 15317
Founded in 2007
Key Executives for Rice Energy Inc.
Chief Executive Officer, Director and Member of Nominating & Corporate Governance Committee
Total Annual Compensation: $175.0K
President, Chief Operating Officer, Director and Member of Health, Safety \ Environmental Committee
Total Annual Compensation: $175.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $271.4K
Chief Accounting & Administrative Officer, Vice President and Treasurer
Total Annual Compensation: $275.8K
Compensation as of Fiscal Year 2013.
Rice Energy Inc. Key Developments
Rice Energy Inc. Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 18 15
Rice Energy Inc. announced production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total production of 36,621 MMcfe, average realized prices for natural gas price before effects of hedges of $3.00 per Mcf, average realized prices for natural gas price after effects of hedges of $3.06 per Mcf, average realized prices for adjusted realized natural gas price of $3.46 per Mcf and average oil and NGL price of $45.18 per Bbl.
For the year, the company reported total production of 97,737 MMcfe, average realized prices for natural gas price before effects of hedges of $3.65 per Mcf, average realized prices for natural gas price after effects of hedges of $3.46 per Mcf, average realized prices for adjusted realized natural gas price of $3.73 per Mcf and average oil and NGL price of $46.07 per Bbl.
Rice Energy Inc. Provides Production and Earnings Guidance for 2015
Feb 17 15
Rice Energy Inc. provided production and earnings guidance for 2015. For the period, the company expects to produce average daily production of 450 to 470 MMcfe/d.
For 2015, the company expects Retained midstream adjusted EBITDA is to be $35-$40 million, and adjusted EBITDA is to be $28-$30 million. Total Midstream Adjusted EBITDA is to be $63-$70 million. The company's capital budget excludes Rice Midstream Partners LP 2015 capital budget of $180 million relating to infrastructure development and compressor station installation in Pennsylvania.
Rice Energy Inc. Enters into Limited Consent and Second Amendment to its Third Amended and Restated Credit Agreement
Feb 12 15
On February 6, 2015, Rice Energy Inc. entered into a Limited Consent and Second Amendment to its Third Amended and Restated Credit Agreement, among the Company, Wells Fargo Bank, N.A., as administrative agent, and the lenders and other parties thereto. The Second Amendment, among other items, increased the borrowing sublimit for letters of credit from $100 million to $175 million and provided a limited consent by the lenders to certain hedging agreements entered into by the company with respect to calendar months of 2015 exceeding maximum notional volume limitations contained in the Credit Agreement.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|