First Quarter 2017 Supplemental Presentation May 3, 2017 1 www.riceenergy.com
Non-GAAP Reconciliations RICE Adjusted EBITDAX Reconciliation RMH Adjusted EBITDA Reconciliation Three Months Ended Twelve Months Ended Three Months Ended Twelve Months Ended ( in thousands) March 31, 2017 March 31, 2017 ( in…
Rice Energy Overview Ticker Symbol NYSE: RICE Headquarters Canonsburg, PA Founded 2007 IPO date January 2014 Market cap(1) 5.4B Rice Midstream Enterprise value(1) 6.9B RICE E&P Holdings LLC (RMH) Full-time employees 500…
The Premier Appalachian Energy Company UPSTREAM (E&P) PA OH 252,000 acres in the Marcellus and Utica cores WV Belmont, Washington and Greene Counties in OH and PA 1,100 locations with 85% IRRs(1) Marcellus Core 2017E net…
First Quarter 2017 RICE Highlights First Quarter Highlights 1,273 1Q17 production (MMcfe/d) 1Q17 production of 1,273 MMcfe/d, an 11% increase over 4Q16 Adjusted EBITDAX(1) of 244MM, a 21% increase over 4Q16 Pre-hedge…
First Quarter 2017 E&P and RMH Highlights E&P HIGHLIGHTS RMH HIGHLIGHTS Improved basis of (0.29)/MMBtu driven by lower in-basin Strong RMH gathering throughput of 969 MDth/d, a 7% differential of (0.49)/MMBtu increase over 4Q16 Added…
Appalachian Basis has Improved Dramatically Local M2 basis improved to (0.49) in 1Q17 vs. (1.06) in 2014 2016 2Q17 2019 strip basis improved 45% to (0.52) Apr. 17 from (0.94) Oct. 16 (Vantage acquisition) Expect 18 Bcf/d incremental…
Meaningful Takeaway Capacity Expected to Outpace Supply Growth Expect 18 Bcf/d incremental takeaway capacity in-service by 4Q19 to provide significant improvement in 2018+ local pricing 9 Bcf/d of expected takeaway received FERC…
2017 2019 D&C Capital and Production Outlook Targeting Appalachia net production CAGR(1) of 27% - 33% in 2017 2019 Targeting cash flow neutrality(2) in 2019, while maintaining E&P…
RMH: Core Utica Gathering Systems with High Growth 166,000 dedicated acres with 70% from high quality 3rd party customers PA ROM: 100% owned gathering and compression system in OH Central Belmont WV Belmont Dedication from RICE and…
Differentiated Midstream Value Proposition RICEs midstream has operational and financial advantages which creates significant shareholder value Greater than 3B of projected midstream value Operational Advantages Midstream control…
RICE First Quarter 2017 Financial Summary Solid first quarter results supported by well-capitalized balance sheet and ample liquidity QUARTERLY HIGHLIGHTS CAPITALIZATION Marcellus Utica Barnett Total Cash (in millions) Production mix…
Basis Exposure & Realized Pricing PRICING COMMENTARY EXPECTED BASIS EXPOSURE FT portfolio covers 50% of 2017E takeaway volumes, decreasing to 40% in 2019E 44% 47% 52% 48% 48% 60% 2019E takeaway volumes 59% exposed to improved…
Hedging Summary 2Q17 3Q17 4Q17 2017 2018 2019 2020 2021 RICEs gas will be marketed into 4 areas (1) Gulf Coast (ELA, M1) Hedged M2 / Dominion Volumes (BBtu/d) 600 795 701 699 613 542 515 340 (2) TCO Wtd Avg Floor Price (/MMBtu) 2.14…
2017 Detailed Guidance E&P Guidance RMH Guidance(1) Net Wells Spud Online Net Production (MMcfe/d) 2017 Capi tal Budget ( i n mi l l i ons) Operated Marcellus 75 55 Appalachia 1,205 - 1,265 Gas Gathering and Compression 315 Operated Ohio…
RICE and RMP Market Snapshot Rice Energy Inc. Rice Midstream Partners LP (NYSE: RICE) (NYSE: RMP) (millions, except per share data) (millions, except per unit data) Management Ownership 15% Common Units 73 Subordinated Units 29 (1)…
The Premier Appalachian Energy Company 100% of Appalachian Leasehold in the Marcellus and Utica Cores Differentiated Technical Approach Has Led to Industry-Leading Well Results High Returning Wells Driving Rapid Production Growth…
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