Rice Energy Vantage Energy Acquisition 2016

Rice Energy and Rice Midstream Partners announced a $2.7 billion acquisition of Vantage Energy to enhance their core dry-gas position in Appalachia. The deal includes approximately 174,000 net acres across Marcellus, Utica, and Barnett formations, increasing Rice's acreage by 55% and positioning it as the largest acreage holder in Greene County, Pennsylvania. The transaction is anticipated to close in Q4 2016 and is immediately accretive to both the upstream and midstream operations.