Saturday, February 22, 2025

Energy Professionals: You Are Mobile

The point is:  people in the energy business are extremely mobile. One glance at “Closing Bell Report” on your computer, phone or tablet tells you exactly what’s going on in the global oil and gas industry that day. “Closing Bell Report” goes to your inbox Monday-Friday at 5:00 p.m. Mountain Time. You get the high points of the day’s financial, company and energy geopolitical

Fracing

Rice Energy Closes $500 Million Funding Deal with EIG Global Energy Partners

Rice Energy (ticker: RICE; RiceEnergy.com) has closed a financing agreement with EIG Global Energy Partners (“EIG”; www.EIGpartners.com). EIG has agreed to a $500 million equity investment with Rice:  $375 million upfront in exchange for preferred equity and common units in Rice Midstream Holdings (“RMH”) and Rice Midstream GP Holdings, respectively. The investment from EIG will generate increased liquidity to grow