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Tuesday, October 25, 2016

Rice Energy Closes on Acquisition of Vantage Energy

From a Rice Energy press release:
Rice Energy Inc. (NYSE: RICE) ("Rice Energy") announced today that it has completed the previously announced acquisition of Vantage Energy, LLC and Vantage Energy II, LLC (collectively, "Vantage"). In connection with the closing, Rice Energy has completed the sale of the acquired Vantage midstream assets to Rice Midstream Partners LP (NYSE: RMP) ("Rice Midstream Partners"). 
With this acquisition, Rice Energy now controls approximately 231,000 net acres in the Marcellus and Ohio Utica Shale cores with an inventory of 1,164 drilling locations. Similarly, Rice Midstream Partners possesses one of the largest and most concentrated core dry gas acreage dedications in Appalachia, covering approximately 199,000 acres in Washington and Greene Counties.
Read the whole release by clicking here.

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