Rice Energy (RICE) Tops Q3 EPS by 3c

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Rice Midstream Partners LP (RMP) to Acquire Rice Midstream's Water Services Business in ~$225M Deal

November 5, 2015 6:58 AM EST

Rice Midstream Partners LP (NYSE: RMP) announced that it has acquired the water services business of Rice Energy Inc.'s (NYSE: RICE) ("Rice") wholly-owned subsidiary, Rice Midstream Holdings LLC ("Midstream Holdings"), for $200 million at closing plus a $25 million earn out to be paid upon achievement of certain increases in connected water sources. This acquisition includes Midstream Holdings' Pennsylvania and Ohio fresh water distribution systems and related facilities, as well as a right to provide fresh water for well completion operations and to collect, recycle or dispose of flowback... More