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7 Pages

Rice Energy acquires Vantage Energy for US$2.1 billion

Rice Energy acquires Vantage Energy for US$2.1 billion

Report summary

On 26 September, Rice Energy announced its plan to acquire Vantage Energy for approximately US$2.7 billion. Rice will pay US$2.1 billion for Vantage's upstream assets and Rice Midstream Partners (RMP) will purchase the acquired midstream assets for US$600 million. The upstream assets include 85,000 net core Marcellus acres in Greene County, with rights to the deeper Utica Shale on approximately 52,000 net acres, 31,000 net acres in Texas' Barnett Shale. The acreage and associated midstream infrastructure complements Rice's own development plans, as the pure-play Northeast producer has a focused strategy of pursuing core shale gas acreage.

What's included?

This report includes 1 file(s)

  • Rice Energy acquires Vantage Energy for US$2.1 billion PDF - 3.22 MB 7 Pages, 10 Tables, 2 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

In this report there are 12 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Rice and Vantage Marcellus and Utica positions
    • Upstream assets: Table 1
    • Upstream assets: Table 2
    • Upstream assets: Table 3
  • Deal analysis
    • Deal analysis: Table 1
    • Northeast entitlement production
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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