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Rice Unveils Completion Design Across the Marcellus, Utica Shale
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Rice Energy Inc. reported third quarter 2014 financial and operational results.
Third Quarter 2014 Highlights: Adjusted EBITDAX of $53.4 million Net production averaged 247 MMcfe/d for the third quarter, a 93% increase above third quarter 2013 pro forma volumes Adjusted realized natural gas price of $3.40 per Mcf in the third quarter 2014 Generated $9.7 million of net revenue from firm transportation sales Cash operating costs of $0.67 per Mcfe, an improvement due to increased field efficiencies Net production averaged 288 MMcfe/d for the month of September 2014, a 129% increase above pro forma September 2013 volumes, and a 65% increase from our year end 2013 pro forma exit rate Turned our second and third operated Utica wells to sales, the Blue Thunder 10H and 12H, which are currently…Finish this article — free account or subscription
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