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Rice Details Latest Marcellus, Utica Completions; 4Q Results
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Rice Energy Inc. reported fourth quarter and full-year 2014 financial and operational results.
Highlights during the year include: Average net production of 398 MMcfe/d in fourth quarter 2014, a 158% increase above prior year quarter pro forma volumes and a 61% increase over third quarter 2014 Adjusted EBITDAX(2) of $87 million for fourth quarter 2014, a 123% increase over pro forma fourth quarter 2013 2014 average net production of 274 MMcfe/d, a 118% increase above full-year 2013 pro forma volumes Adjusted EBITDAX of $247 million for the full year 2014 Increased core acreage position to approximately 141,000 net acres as of December 31, 2014, consisting of 86,000 net acres in southwestern Pennsylvania and 55,000 net acres in Ohio, a 57% increase above year-end 2013 leasehold…Finish this article — free account or subscription
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