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Rice Midstream files for IPO

Rice Midstream, a subsidiary of Rice Energy, has filed for an IPO. The number of shares that will be sold as well as the stock’s price range have yet to be set. Rice Midstream plans on listing the stock on the NYSE under the ticker symbol “RMP.” Barclays Capital will serve as the lead underwriter. Rice Energy is a natural gas and oil company focused on the Appalachian Basin.

PRESS RELEASE

CANONSBURG, Pa., Nov. 6, 2014 /PRNewswire/ — Rice Energy Inc. (NYSE: RICE) (“Rice Energy” or the “Company”) today announced that its wholly owned subsidiary, Rice Midstream Partners LP (“Rice Midstream”), has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with its proposed initial public offering of common units representing limited partner interests. Rice Midstream’s initial assets are expected to consist of the Company’s Pennsylvania natural gas gathering systems and related compression assets.

The number of common units to be offered and the price range for the offering have not been determined. Rice Midstream intends to apply for a listing of the common units on the New York Stock Exchange under the symbol “RMP.” Rice Energy will own the general partner of Rice Midstream and all of its incentive distribution rights and expects to retain a majority of Rice Midstream’s common and subordinated units representing limited partner interests.

Barclays Capital Inc. will act as book running manager for the proposed offering. The offering of common units will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained, when available, from:

Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free: (888) 603-5847
barclaysprospectus@broadridge.com

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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.