Sentences with phrase «rice midstream»

The deal announced Wednesday will merge Rice Midstream Partners with EQT Midstream Partners, both of which are focused on the Appalachian region, the epicenter of the U.S. shale gas boom.

As part of the deal, EQT will acquire Rice's 92 percent interest in Rice Midstream GP Holdings.

Not exact matches

That is because EQT's footprint overlaps with Rice's in southwestern Pennsylvania and the two companies have similar midstream operations, which focus on transporting natural gas through the Appalachian region, according to Mizuho.

The deal follows EQT's purchase of Rice Energy last year and will merge the two companies» midstream businesses.

D.E. Shaw, another hedge fund and EQT shareholder, had contended the Rice acquisition would benefit shareholders if EQT also separated its pipeline business and added independent directors with midstream experience, which the company announced in October.

Before their combination, both EQT and Rice operated midstream businesses — which transport oil and gas from wells to processing, transportation and shipping facilities — through limited partnerships.

The Midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production of, and in the provision of water services to support the well completion activities of, Rice Energy and third parties.»