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Tag Archives: Rice Energy

Energy sector IPOs surge in 2014

Energy companies took advantage of going public this year as the initial public offerings (IPO) market saw its highest gains since 2000, according to investment advisory firm Renaissance Capital. Energy IPOs reached a new record in 2014, with over $12 billion in proceeds raised. Out of the 273 total public offerings made in 2014, 30 came out of the energy ...

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Rice Energy spin-off priced below expected range

Rice Energy’s discounted price for its gas pipeline spin-off underscores the importance of timing in the stock market. The Cecil-based gas operator’s master limited partnership, Rice Midstream Partners, priced its initial public offering 13 percent below the low end of its price range on Wednesday. It raised about $412 million instead of the $500 million the company had planned from ...

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Ohio’s Utica shale likely to be productive for up to 50 years, energy analyst says

CLEVELAND — Ohio’s Utica shale will produce natural gas and liquids for decades, a Texas-based energy analyst predicted Wednesday. Irene Haas of Wunderlich Securities in Houston said the shale under eastern Ohio probably will produce vast quantities for the next 50 years. “Ohio is going to be very, very busy for a very long time,” she said. “It’s very prolific.” ...

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Rice Energy reports impressive results from ‘Bigfoot’ Utica well

Rice Energy has reported that over the past five months its ‘Bigfoot’ well in Ohio’s Utica Shale formation has produced about 2 billion cubic feet of natural gas, according to The Times Leader. The latest production numbers indicate that the owners of mineral rights should begin to see substantial royalty checks in the near future. The average price for natural ...

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Rice Energy reaches milestone, drills 100th horizontal well

Rice Energy, during its third-quarter earnings report, announced that the company has drilled its 100th horizontal shale-gas well, according to the Pittsburgh Business Times. Daniel J. Rice IV, Rice Energy CEO, said the well, drilled in the Marcellus Sale formation, has a lateral length of 10,200 feet and was drilled from the kick off point to the target in less ...

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Mingo Park well lease up for OK in Washington County

Washington County could begin receiving royalties within six months for natural gas drilling beneath Mingo Creek County Park, should county commissioners approve a contract with Range Resources as expected on Thursday. The five-year lease, with extension options, would pay $11.3 million at $6,500 per acre to allow Range Resources access to natural gas in 1,740 acres of Marcellus shale beneath ...

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Ohio well worker killed in equipment accident

rice energy

Rice Energy press release CANONSBURG, PA – April 7, 2014 – Rice Energy Inc. has confirmed a fatal injury to a subcontractor’s employee in Belmont County, Ohio. The incident occurred on April 5th when an employee of a subcontractor was placing a large piece of their equipment on an inactive side of the location prior to commencement of completion operations ...

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