June 27, 2017 4:20 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Rice Energy Inc.

Company Overview

Rice Energy Inc., an independent natural gas and oil company, engages in the acquisition, exploration, and development of natural gas, oil, and natural gas liquid (NGL) properties in the Appalachian Basin. It operates through three segments: Exploration and Production, Rice Midstream Holdings, and Rice Midstream Partners. As of December 31, 2016, the company held approximately 185,000 net acres in the southwestern core of the Marcellus Shale, Pennsylvania; and approximately 63,000 net acres in the southeastern core of the Utica Shale located in Belmont County, Ohio. The company also has operations in the Upper Devonian Shale located on Pennsylvania acreage. It had 229 net producing wells in ...

2200 Rice Drive

Canonsburg, PA 15317

United States

Founded in 2008

467 Employees



Key Executives for Rice Energy Inc.

Chief Executive Officer and Director
Age: 36
Total Annual Compensation: $400.0K
President, Chief Operating Officer and Director
Age: 34
Total Annual Compensation: $400.0K
Chief Financial Officer and Senior Vice President
Age: 30
Total Annual Compensation: $400.0K
Executive Vice President of Exploration
Age: 31
Total Annual Compensation: $400.0K
Senior Vice President, General Counsel and Corporate Secretary
Age: 36
Total Annual Compensation: $365.0K
Compensation as of Fiscal Year 2016.

Rice Energy Inc. Key Developments

EQT Corporation, Rice Energy Inc. - M&A Call

To consider the definitive merger agreement under which EQT Corporation will acquire Rice Energy Inc

Rice Energy Inc. Presents at 2017 DUG East Conference, Jun-21-2017 01:15 PM

Rice Energy Inc. Presents at 2017 DUG East Conference, Jun-21-2017 01:15 PM. Venue: David L. Lawrence, Convention Center, Pittsburgh, Pennsylvania, United States. Speakers: Tony Duran, Chief Information Officer.

Rice Energy Inc. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2017; Provides Production Guidance for the Year 2017-2019; Announces Impairment Charges for the First Quarter of 2017

Rice Energy Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's total operating revenues were $393.8 million compared with $139.9 million a year ago. Operating income was $42.2 million compared with operating loss of $47.4 million a year ago. Loss before income taxes was $2.1 million compared with $3.1 million a year ago. Net loss attributable to the company common stockholders was $34.6 million or $0.17 per basic and diluted share compared with $21.0 million or $0.15 per basic and diluted share a year ago. Adjusted EBITDAX was $244.2 million, a 21% increase relative to fourth quarter 2016. Adjusted net income attributable to the company was $29.7 million or $0.12 per diluted share. As on March 31, 2017, the company's net debt was $1,112.4 million. For the quarter, the company’s net production averaged 1,273 MMcfe/d, an 11% increase from fourth quarter 2016. The company reported net production of 115 Bcfe. The company is targeting 27% - 33% compound annual Appalachia net production growth from 2017 - 2019 predicated on targeted annual Appalachia net production of 1,575 - 1,675 MMcfe/d in 2018 and 2,000 - 2,200 MMcfe/d in 2019. The company announced impairment of gas properties of $92.4 million for the first quarter ended March 31, 2017.

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