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Rice Energy to Acquire Marcellus Gathering Assets from M3 Appalachia

Rice Energy M3 Appalachia Gathering Llc
AnnouncedFeb 13, 2014
TypeAsset
LocationMarcellus Shale
Announced Date
February 13,2014
Transaction Type
Asset




Snapshot
Location
Region
Northeast

Country
United States

State
Pennsylvania

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Transaction Details:  Require Private Equity Subscription

 Rice Energy Inc. has reported the execution of a purchase and sale agreement whereby Rice Poseidon Midstream LLC, a wholly owned subsidiary of the Company, has agreed to acquire gathering assets in eastern Washington and Green Counties, Pennsylvania, from M3 Appalachia Gathering LLC, a wholly owned subsidiary of M3 Midstream LLC, for $110 million in cash, subject to customary purchase price adjustments. 

The assets to be acquired consist of a 28-mile, 6"-16" gathering system  in eastern Washington County, Pennsylvania, and permits and rights of way in Washington and Greene Counties…