DTE, Rice Drop After Billion-Dollar Bets on U.S. Shale GasBy and
DTE Energy to buy gas gathering systems for $1.3 billion
Rice Energy to purchase Vantage Energy for about $2 billion
DTE Energy Co. and Rice Energy Inc. fell in New York trading after announcing billion-dollar bets on eastern U.S. shale formations rich in natural gas. DTE’s credit ratings are being reviewed by Moody’s Investors Service.
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