We are a fee-based, growth-oriented limited partnership formed by Rice Energy Inc. (NYSE: RICE) to own, operate, develop and acquire midstream assets in the Appalachian Basin. Our initial assets consist of gathering, compression and dehydration assets located in Washington and Greene Counties in Pennsylvania that service high quality producers in the rapidly developing dry gas core of the Marcellus Shale. We provide our services under long-term, fixed-fee contracts, primarily to Rice Energy in one of its core operating areas. We believe that our strategically located assets, high quality customers and premier sponsorship with Rice Energy position us to become a leading midstream energy company in the Appalachian Basin.

Competitive Strengths

We believe we are well positioned to successfully execute our business strategies because of the following competitive strengths:

  • Our affiliation with Rice Energy
  • Our newly constructed assets, servicing sizeable, contiguous acreage positions are expected to deliver strong throughput growth with limited capital expenditures
  • Long-term, fixed-fee contracts with Rice Energy and third parties to support cash flow
  • System takeaway optionality and surplus capacity, providing competitive advantage in attracting third-party volumes

Mission and Vision

Our principal business objective is to increase the quarterly cash distributions that we pay to our unitholders over time while promoting the ongoing stability of our business. We expect to achieve this objective through the following business strategies:

  • Providing natural gas gathering and compression services to Rice Energy’s rapidly growing Marcellus Shale production
  • Pursuing accretive acquisitions including Rice Energy’s retained midstream assets
  • Attracting additional third-party business from top tier producers
  • Focusing on long-term, fixed-fee agreements to avoid direct commodity price exposure