From The Pittsburgh Post-Gazette Toby Rice is set to take control of EQT Corp., nine months after launching a fast-moving campaign to replace the oil and gas company’s leadership and less than two years after selling his company Rice Energy Corp. to EQT. In a highly anticipated vote to tallied at EQT’s annual meeting on Wednesday, the Downtown company’s shareholders
Investors led by Toby, Derek Rice want to overhaul EQT board EQT says electing Rice slate would lead to ‘managerial chaos’ From Bloomberg The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.” Absent a settlement before EQT Corp.’s annual meeting in Pittsburgh on Wednesday, shareholders will decide between
Scathing letter to Rice lays out stark differences in governance Things have been steamy in Pittsburgh this spring when it comes to the future corporate governance for EQT Corporation (stock ticker: EQT, $EQT). The $10.7 billion (enterprise value) E&P has been on a rocky ride with the Rice family since EQT’s acquisition of Rice Energy, announced almost two years ago,
From The Wall Street Journal When EQT Corp. agreed to buy Rice Energy Inc. for $6.7 billion a little over a year ago to create the country’s largest natural-gas producer, it promised that the combined company would be able to make more by spending less. Those promises have so far fallen flat, and what many cheered as one of the first deals
Rice Energy expands dry gas Marcellus position by 85,000 net acres with Vantage Energy acquisition Rice Energy (ticker: RICE) announced that it will acquire Vantage Energy for approximately $2.7 billion total consideration. The deal consists of $1.02 billion in cash, the assumption and retirement of assumed net debt of approximately $700 million, and the issuance of 39.1 million shares of
Next Best Bid Behind Vantage was $335 Million; Bids Exceed Rice Energy’s “Stalking Horse” Offer of $200 Million Bankrupt coal giant Alpha Natural Resources (ticker: ANRZQ) announced today that Colorado-based privately held gas producer Vantage Energy was the successful bidder for its subsidiary Pennsylvania Land Resources’ oil and natural gas assets (PLR assets) in Southwest Pennsylvania. Vantage’s winning cash bid
GPOR Dedicates Acreage in Exchange for Infrastructure Buildout Gulfport Energy (ticker: GPOR) is taking the next step in its recently acquired acreage, reaching a joint venture agreement with a wholly owned subsidiary of Rice Energy (ticker: RICE). The companies expect to invest approximately $640 million for associated midstream assets over the course of the next six years. Rice will construct
Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the ticker RMP. Rice was a privately held company less than one year ago and now has two entities listed on
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