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Rice Energy Ramps Up Marcellus, Utica Results; Will Accelerate Spending
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Rice Energy Inc. has reported financial and operational results for the quarter and year ended December 31, 2013 and provided an update on its 2014 activities and guidance.
Highlights Fourth quarter 2013 net production of 154 MMcf/d, representing a 120% increase relative to the fourth quarter of 2012 and a 20% sequential increase relative to the third quarter of 2013 Full year 2013 production of 126 MMcf/d, representing a 166% increase relative to 2012 production Fourth quarter and full year 2013 Adjusted EBITDAX of $39.2 million and $107.8 million, respectively As of March 1, 2014, firm transportation portfolio covers approximately 330,000 MMBtu/d in 2014, 654,000 MMBtu/d in 2015 and 761,000 MMBtu/d in 2016 Previously announced agreement to acquire gathering assets for $110 million…Finish this article — free account or subscription
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