Home / Tag Archives: Rice Energy

Tag Archives: Rice Energy

Marcellus and Utica oil and gas permit report, October 11-17

The Pennsylvania Department of Environmental Protection’s Office of Oil and Gas Management issued 76 new well permits from October 11 to 17—more than three times the permits reported for the previous week. Meanwhile, Ohio Department of Natural Resources reported the approval of 21 permits throughout the state. West Virginia’s Department of Environmental Protection reported issuing 15 permits during the same ...

Read More »

Republican presidential hopeful Bush sets domestic energy as priority

Lifting government restrictions on oil and natural gas exports, and building the Keystone XL pipeline are essential to domestic production and affordable consumer energy prices, Republican presidential candidate Jeb Bush told the Tribune-Review. Bush on Tuesday is scheduled to lay out his energy policy during a visit to the Cecil offices of Rice Energy, which produces natural gas in the ...

Read More »

Rice Energy widens loss

Rice Energy Inc. recorded a loss of $69.7 million, or 51 cents per share, for the second quarter. During the same time last year, the Canonsburg-based oil and gas company posted a loss of $7.9 million, or 6 cents per share. Rice drills for oil and gas in the Marcellus Shale in southwestern Pennsylvania and in the Utica Shale in ...

Read More »

Rice Energy’s growth can be found in the Utica

While Rice Energy Inc.’s main area of operations is the Marcellus Shale formation, the company is finding that its growth area is within the Utica. During Executive Vice President of Exploration Derek Rice’s end of the day speech at the Hart Energy DUG East conference in Pittsburgh, Rice explained how Rice Energy is currently positioned on 60,000 acres of what ...

Read More »

Rice Energy doubles natural gas production

Rice Energy is boosting its expectation for how much natural gas it will extract from shale this year despite low prices that have some Marcellus companies planning to dial back their production. The Cecil-based company on Thursday outlined results from new Marcellus and Utica shale wells that analysts called impressive and helped more than double production over last year. CEO ...

Read More »

Utica and Marcellus well activity in Ohio

Activity in the Utica Shale formation and Marcellus Shale formation in Ohio have both seen little change when compared to last week’s well update.  However, Ohio does have an exciting event taking place this week. Starting today and ending tomorrow, the 4th Annual Ohio Valley Regional Oil & Gas Expo will be taking place.  The expo is located in St. ...

Read More »

Rice Energy downsizes for 2015

On Tuesday, Rice Energy Inc. announced it will be joining the long list of companies that are cutting back on 2015 drilling operations. The company said it will be reducing its capital budget by 19 percent compared to its 2014 spending, bringing it down to $890 million.  Of the $890 million, $680 million will go toward developments in the company’s ...

Read More »

Long-term solution for wastewater disposal eludes shale gas industry

Defining wastewater disposal in the Marcellus shale fields has been a moving target. Drillers initially sent millions of gallons to public water treatment plants, until regulators said the plants were not equipped to properly clean the salt- and metal-laden water that comes from shale gas wells. The traditional method of injecting it back into deep wells is less feasible in ...

Read More »

Cecil shale gas driller focuses on growth, value

Rice Energy ended 2014 the way it started, making headlines with an initial public stock offering. Eleven months since taking the Cecil-based shale gas company public, CEO Daniel Rice IV oversaw the spin-off of Rice Midstream as a master limited partnership to operate its pipeline gathering and water systems in Greene and Washington counties. It was a bold move in ...

Read More »