Rice sees production increase — and coins new word — in final 3Q results

Rice Energy Inc.’s final full quarter as a publicly traded company saw a production increase and the creation of a new word.

Production in the third quarter was 131.2 billion cubic feet up from 68.7 million cubic feet in the same period a year ago with 32 wells drilled and 30 completed in the Marcellus and Utica shales. Rice (NYSE: RICE) also reported a loss of $107.1 million, 49 cents a share, in the quarter ended Sept. 30. That compared to net income of $91.1 million the same period a year ago.…

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