Rice Energy (RICE) Tops Q4 EPS by 34c
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February 22, 2017 4:54 PM EST
CANONSBURG, Pa., Feb. 22, 2017 /PRNewswire/ --Â Rice Midstream Partners LP (NYSE: RMP) ("RMP") today announced its 2017 capital budget and guidance. Estimated capital investments and financial guidance include:
Capital budget of $315 million to further develop gas gathering and water services assets
Forecasted gathering throughput of 1,315 - 1,380 MDth/d, a 34% - 40% increase over 2016 throughput
Anticipated water volumes of 1,300 - 1,450 million gallons Â
Forecasted 2017 annual distribution growth of 20%
Commenting on the 2017 RMP capital budget and guidance, Daniel J. Rice IV, Chief Executive Officer, said, "We... More
February 22, 2017 4:53 PM EST
CANONSBURG, Pa., Feb. 22, 2017 /PRNewswire/ -Â Rice Energy Inc. (NYSE: RICE) ("Rice Energy") today announced its 2017 capital budget and guidance. Estimated capital investments and financial guidance include:
$1,035 billion budget for drilling and completion activity in the Marcellus and Utica dry gas cores
Planned Marcellus wells to average 8,500 feet, cost $7.4 million to develop ($875 per lateral foot), yield 18.4 Bcf EUR (2.16 Bcf/1000') and expected to generate 100% IRRs at strip pricing(1)
Planned Utica laterals to average 10,500 feet (12% longer than 2016), cost $13.0 million to develop ($1,235 per lateral foot), yield 24.5...
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