Finance - Equity
Houston-based Vinson & Elkins was the legal adviser to Riverstone and Barclays Natural Resource Investments.
There was $50 million in total proceeds, the company noted.
Gross proceeds to the company are expected to be approximately $18.375 million.
The net proceeds received by Rice from the sale of 7,500,000 shares of its common stock were approximately $196.3 million.
The new equity will support development of the Shenandoah and Coronado areas in the deepwater Gulf of Mexico, the company said.
RSP sold about 4.8 million shares, while the selling stockholders sold about 6.7 million shares, the company added.
The financing will result in US$1.5 million in proceeds, the company said.
The net proceeds will fund the acquisition of Appalachian Basin acreage from Swepi LP, an affiliate of Royal Dutch Shell Plc.
The shares began trading under the symbol “ICD” on the New York Stock Exchange, the company added.
The line of equity, up to $600 million, will support Houston-based Zenith’s worldwide terminals for oil, refined products and petrochemicals, the company said.
The new portfolio company formed agreements for an Eagle Ford-focused midstream infrastructure with Penn Virginia Corp., ArcLight said.
Athlon will not sell any shares or receive any proceeds, the company noted.