Rice Energy 1Q14: 41 Wells Online Producing 209 Mmcf/d Average

Rice Energy, one of the newest Marcellus/Utica drillers, issued their first quarter 2014 financial and operational update yesterday. Rice, you may recall, went public and issued stocks in January of this year, raising $924 million (see Rice Energy IPO Soars, Brings in $84M More Than Expected). Looks like they put it to good use.

In 1Q14 Rice produced an average 209 million cubic feet of natural gas per day–a 135% increase over 1Q13 and a 36% increase over the previous quarter (4Q13). Impressive, especially when you consider the company has only has 41 wells online and producing since it began in 2011. Below is yesterday’s update from Rice, along with the official company PowerPoint (lots of interesting slides) issued by Rice in April…

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