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EQT Corp → Rice Energy- One-Page Deal Sheet

Announced Date
June 19,2017
Close Date
November 13,2017
Transaction Type
Corporate
Enterprise Value (EV)($MM)
8200




Snapshot
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Marcellus Shale","
Net Acres
421,000
Net Operated Locations:
861 ({"Marcellus Shale",")

Proved Reserves
4,005 Bcfe

Source Documents:
   Source Link
   Source Link
   Source Link
   Source Link
Location
Region
Northeast

Country
United States

State
Pennsylvania

County
Washington ,Greene

Play
Utica Shale,Marcellus Shale


Production & Reserves
Production
1,300 Mmcfe/d

Production Mix
95 % Gas

Reserves
4,005 Bcfe (1P)


Calculated Metrics( EV/Category)
$/ Flowing
6,307,692

$/ Acre
19,477

$/Location
9,523,810

Production ($/Mcfe/d)
6,308

Transaction Details: 

EQT has agreed to acquire Rice Energy in a deal worth $6.7 billion in cash and stock and the assumption of $1.5 billion in debt. This deal closed on November 13, 2017.

The deal will bolster EQT's Appalachian acreage by 421,000 net acres and add ~1.3 Bcfe/d in production.

EQT will also obtain Rice's midstream assets, including a 92% interest in Rice Midstream GP Holdings LP.  According to Rice May 2017 Presentation, the company has 187, 000 net acres in the SW PA with 861 net locations

 


Other Northeast Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-24-2020 - - Click here Pennsylvania  E&P
Dec-19-2019 - - Click here Ohio  E&P
Oct-21-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P
Jul-19-2019 - - Click here Pennsylvania  E&P

Price History


Date Deal Headline Price$/acre
May-30-2025 EOG Acquires Utica Liquids Focus Encino For $5.6 Billion - -
Dec-05-2024 CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM - -
Jan-11-2024 Chesapeake To Acquire Southwestern Energy - -

Other Rice Energy Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Sep-26-2016 - - Click here Texas  E&P
Jul-07-2014 - - Click here Pennsylvania  E&P
Feb-10-2010 - - Click here Pennsylvania  E&P

Other EQT Corp Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Apr-22-2025 - - Click here Pennsylvania  E&P
Oct-29-2024 - - Click here Pennsylvania  E&P
Sep-08-2022 - - Click here West Virginia  E&P
May-06-2021 - - Click here Pennsylvania  E&P
Oct-27-2020 - - Click here Pennsylvania  E&P