Vantage Energy is No More – Rice Energy Completes $2.7B Buyout

Rice EnergyJust two months ago Rice Energy announced they are buying competitor Vantage Energy for $2.7 billion (see Rice Energy Buys Vantage Energy for $2.7B, 85K Marcellus Acres). Included in the deal are 85,000 acres of Marcellus leases in Greene County, PA, the primary reason for the deal (see Why Did Rice Energy Pay $2.7B for Vantage Energy? It’s Simple…). Also included, another 52,000 acres of Utica Shale leases. Yesterday Rice announced that the deal is done and dusted–Vantage Energy is no more. Rice now controls some 231,000 net acres in the Marcellus and Ohio Utica Shale “core” areas, with an inventory of 1,164 drilling locations. Very impressive for a company that didn’t exist 10 years ago…

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