Huge Production Growth to Continue at Rice Energy
For investors that thought the 20% sequential increase in production during the fourth quarter was substantial, Rice Energy (NYSE: RICE ) easily surpassed that number during the first quarter of 2014. Possibly more shocking is the possibility that the company could lapse the 36% sequential growth for the first quarter during the current quarter.
Rice Energy is turning into a prolific grower in the Marcellus Shale, and the first-quarter earnings provided some interesting insights for both the company and the region. In total, the company saw production surge to 209 MMcf/d to reach growth of 135% relative to the first quarter of 2013 with well results continuing to improve.
Read the full article here.
Disclosure: No positions mentioned. Please read the disclaimer page for more details.