Why Did Rice Energy Pay $2.7B for Vantage Energy? It’s Simple…

whyYesterday MDN reported the big story that Rice Energy is paying $2.7 billion to buy the assets of Vantage Energy (see Rice Energy Buys Vantage Energy for $2.7B, 85K Marcellus Acres). Why did Rice go for the deal? It’s really quite simple. According to Rice Energy, it’s because of the 85,000 acres of Marcellus leases in Greene County, PA. That acreage is located next to Rice’s acreage in the county. The opportunity to essentially double their acreage, in their own back yard, was too good to pass up…

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