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.

Forward Looking Statements

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements are subject to a number of risks and uncertainties including, among other things, that Rice Midstream will not complete an initial public offering. Furthermore, the structure and nature of Rice Midstream may change materially from those described herein. No assurance can be given as to the value of Rice Midstream, the price at which its securities may trade, or whether a liquid market for those securities will develop or be maintained. All statements, other than historical facts included in this release, that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as Rice Midstream's future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strengths, goals, expansion and growth of Rice Midstream's business and operations, plans, market conditions, references to future success, references to intentions as to future matters and other such matters are forward-looking statements. All forward-looking statements speak only as of the date of this release. Although we believe that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements.

In addition, we are, and Rice Midstream will be, subject to the risks incident to the exploration for and development, production, gathering and sale of natural gas and oil, most of which are difficult to predict and many of which are beyond our and their control. These risks include, but are not limited to: commodity price volatility; inflation; lack of availability of drilling and production equipment and services; environmental risks; drilling and other operating risks; regulatory changes; the uncertainty inherent in estimating natural gas reserves and in projecting future rates of production, cash flow and access to capital; and the timing of development expenditures. Information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our Forms 10-K, 10-Q and 8-K. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by us will be realized, or even if realized, that they will have the expected consequences to or effects on Rice Midstream, its business or operations. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

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SOURCE Rice Energy Inc.