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  • Data analysis Rice to Acquire Marcellus Gathering Assets for $110 Million

    Rice Energy has entered into an agreement with M3 Midstream LLC to acquire Marcellus shale gathering assets in eastern Washington and Green counties, Pennsylvania, for $110 million in cash.The acquired assets include a 28-mile gathering system in eastern Washington County. The transaction also involves...

    Rice to Acquire Marcellus Gathering Assets for $110 MillionData analysis
    Global Deals, Headlines, Others

    Rice Energy has entered into an agreement with M3 Midstream LLC to acquire Marcellus shale gathering assets in eastern Washington and Green counties, Pennsylvania, for $110 million in cash.

    The acquired assets include a 28-mile gathering system in eastern Washington County. The transaction also involves the acquisition of certain permits needed to connect this gathering system to the Texas Eastern pipeline. Once fully constructed, the acquired systems are expected to have an aggregate capacity of over 1 Bcf/d.

    Daniel J. Rice IV, CEO of Rice Energy said, "The M3 Appalachia transaction represents a unique opportunity for Rice that is consistent with our strategic focus of proactively investing in our midstream to facilitate our upstream growth."

    View Rice press release

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