Rice Energy Inc.'s (NYSE: RICE) wholly owned subsidiary, Rice Midstream Partners LP, has filed a registration statement on Form S-1 with the Securities and Exchange Commission in connection with its proposed initial public offering of common units representing limited partner interests. Rice Midstream's initial assets are expected to consist of the company's Pennsylvania natural gas gathering systems and related compression assets.
The number of common units to be offered and the price range for the offering have not been determined. Rice Midstream intends to apply for a listing of the common units on the New York Stock Exchange under the symbol "RMP." Rice Energy will own the general partner of Rice Midstream and all of its incentive distribution rights and expects to retain a majority of Rice Midstream's common and subordinated units representing limited partner interests.
Barclays Capital Inc. will act as book running manager for the proposed offering.
Rice Energy is based in State College, Pa.
Recommended Reading
Wayangankar: Golden Era for US Natural Gas Storage – Version 2.0
2024-04-19 - While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle.
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
2024-04-18 - Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
2024-04-18 - Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Scathing Court Ruling Hits Energy Transfer’s Louisiana Legal Disputes
2024-04-17 - A recent Energy Transfer filing with FERC may signal a change in strategy, an analyst says.
Balticconnector Gas Pipeline Will be in Commercial Use Again April 22, Gasgrid Says
2024-04-17 - The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.