From Pennsylvania-based Rice Energy today:
CANONSBURG, Pa., Aug. 11, 2014 /PRNewswire/ -- Rice Energy Inc. (NYSE: RICE) today announced that it is pursuing the formation of a midstream master limited partnership (MLP) and intends to confidentially submit a draft Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission for an initial public offering (IPO) of common units of the MLP. The offering is expected to be completed in the first half of 2015.
It is expected that the initial assets of the MLP will consist of Rice Energy's Pennsylvania gas gathering and water sourcing and distribution assets. Following the closing of the contemplated IPO, Rice Energy will control the general partner of the MLP and will own 100% of the incentive distribution rights and a majority of the MLP limited partnership units.
This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer, solicitations to offer to buy, or any sales of securities will only be made in accordance with the registration requirements of the Securities Act of 1933 or an exemption therefrom. This announcement is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933.
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 www.riceenergy.com.
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