Rice Investment Group
Rice Investment Group is a $200mm multi-strategy fund investing in all verticals of the oil and gas sector with a focus on partnering where our operational, technical, and strategic experience add value. Led by the former Rice Energy management team, the RIG team has a highly complementary and diverse skill-set.
The partners of Rice Investment Group led Rice Energy from its formation in 2007 as a start-up with no assets to a dominant upstream and midstream operator, producing and gathering over 2 Bcf/d of production from 250,000 net acres in the core of the Appalachian Basin. The Rice team raised over $5bn to support an aggressive acquisition and development plan, drilled over 400 horizontal wells, and managed an operational program of $1bn+ annually.
Rice Energy was acquired by EQT Corporation for $8.2 billion in 2017. Rice Midstream Partners was acquired by EQM for $2.4 billion in 2018.