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Rice Energy 3Q15: $59M Profit, $750M LOC, Selling Gas Outside NE | Marcellus Drilling News
Rice Energy, a very young but important pure play driller in the Marcellus/Utica, released its third quarter update yesterday. Bucking the trend of other northeast drillers, Rice earned $119 million in profit before interest, taxes and all that jazz (called EBITDAX), and they earned $59 million after all that jazz. In the black. No paper