World of oil and gas ///

Rice Energy has entered into a purchase-and-sale agreement to acquire Vantage Energy, LLC, and Vantage Energy II, LLC, for approximately $2.7 billion, including the assumption of debt. In connection with the acquisition, Rice Midstream Partners will purchase the acquired midstream assets from Rice Energy for $600 million. The E&P assets to be acquired by Rice Energy include approximately 85,000 net, core Marcellus acres in Greene County, Pa., with rights to the deeper Utica shale on approximately 52,000 net acres, and 37,000 net acres in the Barnett shale. Second-quarter 2016 net production from the acquired assets was 399 MMcfed (approximately 65% Appalachia, 35% Barnett). The transaction is expected to close in the fourth quarter.

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