
Meanwhile in the Marcellus, It’s All About the Rice
Just asking. But wouldn’t it be incredible to sit down with the Marcellus-famed Rice family and pick their brains for an hour or so? Topics for discussion would no doubt include the growing hunger for natural gas in the LNG industry, the evolving electrified economy, and the Rice secret sauce to stay leaps ahead of both. We’re standing by for the invite.
Reese Energy Consulting today is following three Rice-related news bits that have hit the wire this week starting with Pa.-based Rice Investment Group and commodity-trading firm Mercuria. Both are sponsors of Rice Acquisition 3, a special purpose acquisition corporation (SPAC), now on the hunt to buy “a company in the E&P, power generation, energy infrastructure, or critical metals and minerals sector,” according to Hart Energy.
The Toby Rice-led EQT continues to pounce on LNG and power generation opportunities emerging in the Northeast. The company has signed several long-term offtake agreements for LNG and is finalizing an agreement to supply natural gas and provide midstream infrastructure for the first large-scale gas power plant in W.V. As the largest natural gas producer in the Marcellus with 1 million undeveloped core net acres, EQT is an undeniable force as a supplier building more midstream muscle to include the 303-mile Mountain Valley Pipeline which transports gas from W.V., to the Transco pipeline in Va.