Deal insight

Rice Energy acquires Vantage Energy for US$2.1 billion

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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 contains

  • Document

    Rice Energy acquires Vantage Energy for US$2.1 billion

    PDF 3.22 MB

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 12 images and tables including:

Images

  • Rice and Vantage Marcellus and Utica positions
  • Northeast entitlement production

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Upstream assets: Table 3
  • Deal analysis: Table 1
  • 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

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