Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Capital Markets | Private Equity Activity
Rice Brings 14 Marcellus Wells On-Line; Drills Premier Utica Well
Print
|
Rice Energy Inc. reported second quarter 2014 financial and operational results, provided updated basis differential information, and updated full year 2014 guidance.
Second Quarter Highlights: Second quarter 2014 net production of 241 MMcfe/d, a 15% increase from first quarter 2014 volumes, and an 84% increase above second quarter 2013 pro forma volumes Achieved 280 MMcfe/d net production for the month of June 2014, a 101% increase above pro forma June 2013volumes, and a 60% increase from our year end 2013 pro forma exit rate Average realized natural gas price (before the impact of hedging) of $4.12/Mcf in the second quarter 2014 Second quarter 2014 Adjusted EBITDAX of $50.4 million First Utica well, the Bigfoot 9H, was turned to sales and is performing above management's…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in