August 27, 2014 11:30 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Rice Energy Inc.

Company Overview

Rice Energy Inc., an independent natural gas and oil company, is engaged in the acquisition, exploration, and development of natural gas and oil properties in the Appalachian Basin. The company holds interest in the Marcellus Shale, an unconventional reservoir that produces natural gas, natural gas liquids, and oil; and the Utica Shale, an unconventional reservoir underlying the Marcellus Shale. As of December 31, 2013, it had approximately 43,351 pro forma net acres in the southwestern core of the Marcellus Shale primarily in Washington County, Pennsylvania; 34.3 net producing wells in the Marcellus Shale; and 325 net pro forma identified Marcellus drilling locations. The company also owned...

171 Hillpointe Drive

Suite 301

Canonsburg, PA 15317

United States

Founded in 2007

139 Employees

Phone:

724-746-6720

Fax:

724-746-6725

Key Executives for Rice Energy Inc.

Chief Executive Officer
Age: 34
Total Annual Compensation: $175.0K
President
Age: 32
Total Annual Compensation: $175.0K
Chief Financial Officer and Vice President
Age: 28
Total Annual Compensation: $271.4K
Chief Accounting & Administrative Officer
Age: 34
Total Annual Compensation: $275.8K
Compensation as of Fiscal Year 2013.

Rice Energy Inc. Key Developments

Rice Energy Inc. Announces Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Rice Energy Inc. announced unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced natural gas production of 21,966 MMcf compared to 5,656 MMcf for the same period a year ago. Oil and NGL production was 550 Bbls. Total production was 21,969 MMcfe compared to 5,656 MMcfe for the same period a year ago. For the six months, the company announced natural gas production of 38,356 MMcf compared to 9,110 MMcf for the same period a year ago. Oil and NGL production was 550 Bbls. Total production was 38,359 MMcfe compared to 9,110 MMcfe for the same period a year ago. For the quarter, the company announced operating revenues of $91,940,000 compared to $23,877,000 for the same period a year ago. Operating income was $24,417,000 compared to operating loss of $1,956,000 for the same period a year ago. Loss before income taxes was $12,510,000 compared to income before income taxes of $19,586,000 for the same period a year ago. Net loss was $7,917,000 compared to net income of $19,586,000 for the same period a year ago. Adjusted net income was $4,020,000 compared to $4,310,000 for the same period a year ago. Adjusted EBITDAX was $50,391,000 compared to $12,332,000 for the same period a year ago. Loss per share, diluted was $0.06 compared to income per share, diluted of $0.23 for the same period a year ago. Adjusted earnings per share, basic and diluted was $0.03 compared to $0.05 for the same period a year ago. For the six months, the company announced operating revenues of $182,417,000 compared to $37,110,000 for the same period a year ago. Operating loss was $9,377,000 compared to operating income of $572,000 for the same period a year ago. Income before income taxes was $126,320,000 compared to $12,811,000 for the same period a year ago. Net income was $121,538,000 compared to $12,811,000 for the same period a year ago. Adjusted net income was $13,900,000 compared to $2,322,000 for the same period a year ago. Adjusted EBITDAX was $105,916,000 compared to $20,931,000 for the same period a year ago. Income per share, diluted was $0.99 compared to $0.17 for the same period a year ago. Adjusted earnings per share, basic and diluted was $0.11 compared to $0.03 for the same period a year ago.

Rice Energy Inc. Provides Operating Guidance for the Full Year of Fiscal 2014

Rice Energy Inc. provided operating guidance for the full year of fiscal 2014. For the year, the company expects to report average daily production between 260 MMcfe/d and 295 MMcfe/d.

Rice Energy Inc., Q2 2014 Earnings Call, Aug 11, 2014

Rice Energy Inc., Q2 2014 Earnings Call, Aug 11, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 9, 2013
Remaining 50% Stake in Alpha Shale Holdings LLC and 49.5% Stake in Alpha Shale Resources LP
 

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