M&A Deal Summary

EQT Acquires Rice Energy

On June 19, 2017, EQT acquired energy services and equipment company Rice Energy for 6.7B USD

Acquisition Highlights
  • This is EQT’s 5th transaction in the Energy Services and Equipment sector.
  • This is EQT’s 2nd largest (disclosed) transaction.
  • This is EQT’s 8th transaction in the United States.
  • This is EQT’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2017-06-19
Target Rice Energy
Sector Energy Services and Equipment
Buyer(s) EQT
Deal Type Add-on Acquisition
Deal Value 6.7B USD
Advisor(s) Barclays Investment Bank (Financial)
Vinson & Elkins (Legal)

Target

Rice Energy

Canonsburg, Pennsylvania, United States
website
Rice Energy, Inc. is a family-owned and operated independent oil and gas exploration and production company with operations in Pennsylvania’s Marcellus Shale. Rice is dedicated to being the most landowner-friendly, environmentally conscious and successful exploration company in the Marcellus Shale.

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Buyer(S) 1

Buyer

EQT

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees744
Revenue 12.1B USD (2022)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was incorporated in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 8 of 10
Sector (Energy Services and Equipment) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 5 of 7
Country (United States) 8 of 10
Year (2017) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 Trans Energy

St. Marys, West Virginia, United States

Trans Energy, Inc. is an independent energy exploration and development company with its primary focus on exploitation of the Marcellus Shale.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Equitrans Midstream

Canonsburg, Pennsylvania, United States

Equitrans Midstream is a natural gas midstream operator in the Marcellus & Utica shale. Equitrans Midstream was founded in 2018 and is based in Canonsburg, Pennsylvania.

Sell -
Mergr

Product

Company

Legal