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Ohio Utica Shale

Company issues results from Bigfoot well in Belmont County

By Bob Downing Published: June 2, 2014

From Rice Energy today:

CANONSBURG, Pa., June 2, 2014 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) today reported that it has successfully tested the company's first Utica Shale well in central Belmont County, Ohio. In addition, Rice has strategically added to its firm transportation portfolio, providing increased market access for its growing production profile. Finally, Rice's borrowing base under its revolving credit facility was increased to $385.0 million.

Rice Energy Logo.

Bigfoot 9H Production Test

We are pleased to announce the production test results of our first operated Utica Shale well, the Bigfoot 9H. After five days of flowback, the Bigfoot 9H stabilized at a rate of 41.69 MMcf/d of gas on a 33/64" choke with flowing casing pressures of 5850 psi. Based upon a gas composition analysis, the heat content is 1086 Btu and therefore will not require processing. We own an approximate 93% working interest in the well, which has an effective lateral length of 6,957 feet and was completed with a 40-stage frac. We anticipate first production by early July and will produce the well into sales through our restricted choke program.

Toby Rice, Chief Operating Officer, commented, "This Bigfoot test is a significant step towards validating the production potential of the Utica Shale in central Belmont County, where we control more than 46,000 net acres. We are especially pleased to deliver these strong results to the landowners of Belmont County, who have believed in us from the beginning. Our 2014 Ohio program is off to a great start, and we look forward to continuing our methodical development of this world-class asset."

Firm Transportation on Rockies Express Pipeline

To further ensure the deliverability of our Utica Shale production, we have entered into a precedent agreement for 175,000 MMBtu/d firm transportation on the Rockies Express Pipeline beginning in June 2015 for a term of 20 years. The Rockies Express Pipeline will provide us with greater access to Gulf Coast and Midwest markets. With this capacity, our firm transportation and firm sales portfolio will cover approximately 818,000 MMBtu/d in 2015 and 921,000 MMBtu/d in 2016. We expect to enter into a firm transportation services agreement and satisfy other customary conditions precedent to our receiving the referenced capacity in the near term.

Redetermined Borrowing Base

In connection with our third amended and restated credit agreement effective April 2014, our borrowing base was subsequently redetermined and increased to $385.0 million. This increase provides us with greater financial flexibility to develop our prolific Appalachian assets.

Participation in Upcoming Conferences

We plan to participate in the following energy conferences and investor events:

June 2-3: RBC's 2014 Global Energy and Power Conference - New York, NY
June 4: DUG East – Pittsburgh, PA
June 16-17: Sterne Agee Executive Summit – Boston, MA

The presentations will be made available on our website at

About Rice Energy

Rice Energy Inc. is an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin. For more information, please visit our website at



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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.