Deal Insight
Rice Energy acquires Vantage Energy for US$2.1 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Rice and Vantage Marcellus and Utica positions
- Upstream assets: Table 1
- Upstream assets: Table 2
- Upstream assets: Table 3
- Deal analysis: Table 1
- Northeast entitlement production
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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