Eqt Re 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Rice Energy Inc.
Trading Symbol	RICE
Entity Central Index Key	1,588,238
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		136,393,834

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 256,676	$ 256,130
Accounts receivable	245,428	199,900
Prepaid expenses and other	6,358	3,427
Derivative assets	128,502	133,034
Total current assets	636,964	592,491
Gas collateral account	3,995	3,995
Property, plant and equipment, net	2,922,494	2,461,331
Deferred financing costs, net	31,220	25,103
Goodwill	334,050	334,050
Intangible assets, net	46,976	47,791
Derivative assets	55,507	63,188
Total assets	4,031,206	3,527,949
Current liabilities:
Current portion of long-term debt	0	680
Accounts payable	110,375	152,329
Royalties payable	52,620	37,172
Accrued capital expenditures	131,177	108,290
Accrued interest	17,248	9,375
Leasehold payable	14,496	30,702
Deferred tax liabilities	51,805	54,688
Other accrued liabilities	44,672	43,439
Total current liabilities	422,393	436,675
Long-term liabilities:
Long-term debt	1,424,033	900,000
Leasehold payable	5,043	4,279
Deferred tax liabilities	210,638	209,218
Other long-term liabilities	14,898	12,609
Total liabilities	2,077,005	1,562,781
Common stock, $0.01 par value; authorized - 650,000,000 shares; issued and outstanding - 136,372,658 shares and 136,280,766 shares, respectively	1,363	1,363
Preferred stock, $0.01 par value; authorized - 50,000,000 shares; none issued	0	0
Additional paid in capital	1,420,026	1,368,001
Accumulated earnings	83,816	153,346
Stockholders’ equity before noncontrolling interest	1,505,205	1,522,710
Noncontrolling interests in consolidated subsidiaries	448,996	442,458
Total liabilities and stockholders’ equity	$ 4,031,206	$ 3,527,949

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	650,000,000	650,000,000
Common stock, shares issued	136,372,658	136,280,766
Common stock, shares outstanding	136,372,658	136,280,766
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	$ 100,890	$ 88,524	$ 197,802	$ 178,990
Firm transportation sales, net	438	2,113	3,264	2,113
Gathering, compression and water distribution	11,566	1,303	21,367	1,314
Total operating revenues	112,894	91,940	222,433	182,417
Operating expenses:
Lease operating	11,090	6,667	22,681	11,853
Gathering, compression and transportation	16,842	8,014	31,262	14,471
Production taxes and impact fees	1,694	871	3,148	1,510
Exploration	356	473	1,095	959
Midstream operation and maintenance	2,801	1,162	6,132	1,835
Incentive unit expense	23,099	1,474	46,557	75,276
Stock compensation expense	4,212	1,125	7,467	1,216
General and administrative	20,425	14,845	37,914	26,275
Depreciation, depletion and amortization	76,140	32,552	138,721	58,059
Amortization of intangible assets	408	340	816	340
Other expense	1,998	0	3,889	0
Total operating expenses	159,065	67,523	299,682	191,794
Operating (loss) income	(46,171)	24,417	(77,249)	(9,377)
Interest expense	(23,359)	(15,941)	(39,488)	(22,983)
Gain on purchase of Marcellus joint venture	0	0	0	203,579
Other income (loss)	1,035	(195)	1,196	396
(Loss) gain on derivative instruments	(3,710)	(11,198)	57,657	(31,578)
Amortization of deferred financing costs	(1,306)	(532)	(2,409)	(1,021)
Loss on extinguishment of debt	0	(3,001)	0	(3,144)
Write-off of deferred financing costs	0	(6,060)	0	(6,896)
Equity loss of joint ventures	0	0	0	(2,656)
(Loss) income before income taxes	(73,511)	(12,510)	(60,293)	126,320
Income tax benefit (expense)	9,992	4,593	1,462	(4,782)
Net (loss) income	(63,519)	(7,917)	(58,831)	121,538
Less: Net income attributable to noncontrolling interests	(6,164)	0	(10,699)	0
Net (loss) income attributable to Rice Energy Inc.	$ (69,683)	$ (7,917)	$ (69,530)	$ 121,538
Weighted average number of shares of common stock—basic	136,315,882	128,419,606	136,303,914	121,925,915
Weighted average number of shares of common stock—diluted	136,315,882	128,419,606	136,303,914	122,255,908
Earnings (loss) per share—basic	$ (0.51)	$ (0.06)	$ (0.51)	$ 1
Earnings (loss) per share—diluted	$ (0.51)	$ (0.06)	$ (0.51)	$ 0.99
Pro Forma
Operating expenses:
Income tax benefit (expense)				$ 5,560
Net (loss) income attributable to Rice Energy Inc.				$ 127,098
Pro forma earnings per share—basic				$ 1.04
Pro forma earnings per share—diluted				$ 1.04

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net (loss) income	$ (58,831)	$ 121,538
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	138,721	58,059
Amortization of deferred financing costs	2,409	1,021
Amortization of intangibles	816	340
Exploratory well costs	1,095	0
Incentive unit expense	46,557	75,276
Write-off of deferred financing costs	0	6,896
Loss on extinguishment of debt	0	3,144
Stock compensation expense	7,467	1,216
Derivative instruments fair value (gain) loss	(57,657)	31,578
Cash receipts (payments) for settled derivatives	69,870	(20,953)
Deferred income tax (benefit) expense	(1,462)	4,782
Fair value gain on purchase of Marcellus joint venture	0	(203,579)
Equity loss of joint ventures	0	2,656
Changes in operating assets and liabilities:
(Increase) in accounts receivable and receivable from affiliate	(45,531)	(29,337)
(Increase) in prepaid expenses and other assets	(2,912)	(2,470)
(Decrease) in accounts payable	(19,171)	(10,774)
Increase in accrued liabilities and other	8,114	22,153
Increase in royalties payable	15,448	13,683
Net cash provided by operating activities	104,933	75,229
Cash flows from investing activities:
Capital expenditures for property and equipment	(622,797)	(441,650)
Acquisition of Marcellus joint venture, net of cash acquired	0	(82,766)
Acquisition of Momentum assets	0	(111,447)
Proceeds from sale of interest in gas properties	10,201	11,542
Net cash used in investing activities	(612,596)	(624,321)
Cash flows from financing activities:
Proceeds from borrowings	538,932	900,000
Repayments of debt obligations	(16,091)	(498,865)
Restricted cash for convertible debt	0	8,268
Debt issuance costs	(8,526)	(18,436)
Offering costs related to the Partnership’s IPO	(129)	0
Distributions to the Partnership’s public unitholders	(5,977)	0
Costs relating to IPO	0	(1,405)
Proceeds from conversion of warrants	0	948
Proceeds from issuance of common stock sold in IPO, net of underwriting fees	0	598,500
Net cash provided by financing activities	508,209	989,010
Net increase in cash	546	439,918
Cash at the beginning of the year	256,130	31,612
Cash at the end of the period	$ 256,676	$ 471,530

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	IPO	Common Stock ($0.01 par)	Common Stock ($0.01 par)IPO	Additional Paid-In Capital	Additional Paid-In CapitalIPO	Accumulated (Deficit) Earnings	Accumulated (Deficit) EarningsIPO	Stockholders Equity before Non-Controlling Interest	Stockholders Equity before Non-Controlling InterestIPO	Non-Controlling Interest	Non-Controlling InterestIPO
Balance at Dec. 31, 2013	$ 298,647		$ 0		$ 0		$ (65,108)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares of common stock issued in corporate reorganization	0		880		362,875		0
Shares of common stock issued in IPO, net of offering costs		$ 593,420		$ 300		$ 593,120		$ 0
Shares of common stock issued in purchase of Marcellus joint venture	222,000		95		221,905		0
Conversion of restricted units into shares of common stock at IPO		36,306		0		36,306		0
Conversion of convertible debentures into shares of common stock after IPO	6,605		6		6,599		0
Conversion of warrants into shares of common stock after IPO	948		6		942		0
Incentive unit compensation	75,276		0		75,276		0
Stock compensation	1,216		0		1,216		0
Tax impact of initial public offering and corporate reorganization		(164,504)		0		(164,504)		0
Consolidated net income	121,538		0		0		121,538
Balance at Jun. 30, 2014	1,191,452		1,287		1,133,735		56,430
Balance at Dec. 31, 2014	1,965,168		1,363		1,368,001		153,346		$ 1,522,710		$ 442,458
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Incentive unit compensation	46,557		0		46,557		0		46,557		0
Stock compensation	7,413		0		5,468		0		5,468		1,945
Distributions to the Partnership's public unitholders	(5,977)		0		0		0		0		(5,977)
Offering costs related to the Partnership’s IPO		$ (129)		$ 0		$ 0		$ 0		$ 0		$ (129)
Consolidated net income	(58,831)		0		0		(69,530)		(69,530)		10,699
Balance at Jun. 30, 2015	$ 1,954,201		$ 1,363		$ 1,420,026		$ 83,816		$ 1,505,205		$ 448,996

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Equity (Parenthetical) - $ / shares	Jun. 30, 2015
Common stock, par value	$ 0.01
Common Stock ($0.01 par)
Common stock, par value	$ 0.01

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Rice Energy Inc. (the “Company”) have been prepared by the Company’s management in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments which are, in the opinion of management, necessary to present fairly the Company’s financial position as of June 30, 2015 and December 31, 2014 and its condensed consolidated statements of operations for the three and six months ended June 30, 2015 and 2014 and of cash flows for the six months ended June 30, 2015 and 2014 . A corporate reorganization occurred concurrently with the completion of the Company’s initial public offering (“IPO”) on January 29, 2014 . As a part of this corporate reorganization, the Company acquired all of the outstanding membership interests in Rice Energy Appalachia LLC (“Rice Appalachia”) and Rice Drilling B LLC (“Rice Drilling B”) (other than those already held by Rice Appalachia) in exchange for shares of the Company’s common stock. This reorganization constituted a common control transaction and the accompanying consolidated financial statements are presented as though this reorganization had occurred for the earliest period presented. The consolidated financial statements of the Company include the accounts of its wholly-owned subsidiaries. Rice Midstream Holdings LLC, a wholly-owned subsidiary of the Company (“Rice Midstream Holdings”), owns a 50.0% interest in Rice Midstream Partners LP, a publicly-traded subsidiary of the Company (the “Partnership”). The financial results of the Partnership are consolidated and the remaining 50.0% interest in the Partnership is reflected as noncontrolling interest in the condensed consolidated financial statements. All intercompany transactions have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes therein for the year ended December 31, 2014 , as filed with the Securities and Exchange Commission (“SEC”) by the Company in its Annual Report on Form 10-K (the “ 2014 Annual Report”). Certain prior period financial statement amounts have been reclassified to conform to current period presentation.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable are primarily from the Company’s joint interest partners and natural gas marketers. The Company extends credit to parties in the normal course of business based upon management’s assessment of their creditworthiness. A valuation allowance is provided for those accounts for which collection is estimated as doubtful; uncollectible accounts are written off and charged against the allowance. In estimating the allowance, management considers, among other things, how recently and how frequently payments have been received and the financial position of the party. There was no allowance recorded for any of the periods presented in the condensed consolidated financial statements. Accounts receivable as of June 30, 2015 and December 31, 2014 are detailed below. (in thousands) June 30, 2015 December 31, 2014 Joint interest $ 142,552 $ 125,300 Natural gas sales 83,631 72,206 Other 19,245 2,394 Total accounts receivable $ 245,428 $ 199,900

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Long-term debt consists of the following as of June 30, 2015 and December 31, 2014 : (in thousands) June 30, 2015 December 31, 2014 Long-term Debt Senior Notes Due 2022 (a) $ 900,000 $ 900,000 Senior Notes Due 2023 (b) 397,033 — Senior Secured Revolving Credit Facility (c) — — Midstream Holdings Revolving Credit Facility (d) 97,000 — RMP Revolving Credit Facility (e) 30,000 — Other — 680 Total debt $ 1,424,033 $ 900,680 Less current portion — 680 Long-term debt $ 1,424,033 $ 900,000 Senior Notes 6.25% Senior Notes Due 2022 (a) On April 25, 2014 , the Company issued $900.0 million in aggregate principal amount of 6.25% senior notes due 2022 (the “2022 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), which resulted in net proceeds of $882.7 million , after deducting expenses and the initial purchasers’ discounts of approximately $17.3 million . The 2022 Notes will mature on May 1, 2022 , and interest is payable on the 2022 Notes on each May 1 and November 1 . At any time prior to May 1, 2017 , the Company may redeem up to 35% of the 2022 Notes at a redemption price of 106.25% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2022 Notes remains outstanding after such redemption. Prior to May 1, 2017 , the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2022 Notes), unless the Company has given notice to redeem the 2022 Notes, the holders of the 2022 Notes will have the right to require the Company to repurchase all or a portion of the 2022 Notes at a price equal to 101% of the aggregate principal amount of the 2022 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2017 , the Company may redeem some or all of the 2022 Notes at redemption prices (expressed as percentages of principal amount) equal to 104.688% for the twelve-month period beginning on May 1, 2017, 103.125% for the twelve-month period beginning May 1, 2018, 101.563% for the twelve-month period beginning on May 1, 2019 and 100.000% beginning on May 1, 2020, plus accrued and unpaid interest to the redemption date. 7.25% Senior Notes Due 2023 (b) On March 26, 2015 , the Company issued $400.0 million in aggregate principal amount of 7.25% senior notes due 2023 (the “ 2023 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act, which resulted in net proceeds of $389.3 million , after deducting expenses and the initial purchasers’ discounts of approximately $10.7 million . The Company used a portion of the net proceeds for general corporate purposes, including capital expenditures, and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures. The original issuance discount of $3.1 million related to the 2023 Notes is recorded as a reduction of the principal amount. For the three and six months ended June 30, 2015 , the Company recorded $0.1 million and $0.1 million , respectively, of amortization of the debt discount as interest expense using the effective interest method and a rate of 7.345% . The 2023 Notes will mature on May 1, 2023 , and interest is payable on the 2023 Notes on each May 1 and November 1 , commencing on November 1, 2015 . At any time prior to May 1, 2018 , the Company may redeem up to 35% of the 2023 Notes at a redemption price of 107.250% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2023 Notes remains outstanding after such redemption. Prior to May 1, 2018 , the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2023 Notes), unless the Company has given notice to redeem the 2023 Notes, the holders of the 2023 Notes will have the right to require the Company to repurchase all or a portion of the 2023 Notes at a price equal to 101% of the aggregate principal amount of the 2023 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2018 , the Company may redeem some or all of the 2023 Notes at redemption prices (expressed as percentages of principal amount) equal to 105.438% for the twelve-month period beginning on May 1, 2017, 103.625% for the twelve-month period beginning May 1, 2019, 101.813% for the twelve-month period beginning on May 1, 2020 and 100.000% beginning on May 1, 2021, plus accrued and unpaid interest to the redemption date. In connection with the issuance and sale of the 2023 Notes, the Company and the Company’s restricted subsidiaries (the “Guarantors”) entered into a registration rights agreement with the initial purchasers, dated March 26, 2015 . Pursuant to the registration rights agreement, the Company and the Guarantors have agreed to file a registration statement with the SEC so that holders of the 2023 Notes can exchange the 2023 Notes for registered notes with substantially identical terms. The Company and the Guarantors will use commercially reasonable efforts to cause the exchange to be completed within 365 days after the issuance of the 2023 Notes. The Company and the Guarantors are required to pay additional interest if they fail to comply with their obligations to register the 2023 Notes within the specified time periods. The 2022 Notes and the 2023 Notes (collectively, the “Notes”) are the Company’s senior unsecured obligations, rank equally in right of payment with all of the Company’s existing and future senior debt, and will rank senior in right of payment to all of the Company’s future subordinated debt. The Notes will be effectively subordinated to all of the Company’s existing and future secured debt to the extent of the value of the collateral securing such indebtedness. The Notes are jointly and severally, fully and unconditionally, guaranteed by the Guarantors. The indentures governing the Notes provide that the guarantees of the Notes will be released under certain circumstances, including: • in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary (as defined in the indentures governing the Notes) of the Company; • in connection with any sale or other disposition of the capital stock of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, such that, immediately after giving effect to such transaction, such Guarantor would no longer constitute a subsidiary of the Company; • if the Company designates any Restricted Subsidiary that is a Guarantor to be an unrestricted subsidiary in accordance with the indentures governing the Notes; • upon legal defeasance or satisfaction and discharge of the indentures governing the Notes; or • if such Guarantor ceases to guarantee any other indebtedness of the Company or a Guarantor under a credit facility, provided no Event of Default (as defined in the indentures governing the Notes) has occurred and is continuing. The indentures governing the Notes restrict the Company’s ability and the ability of its restricted subsidiaries to: (i) incur or guarantee additional debt or issue certain types of preferred stock; (ii) pay dividends on capital stock or redeem, repurchase or retire the Company’s capital stock or subordinated debt; (iii) make certain investments; (iv) incur liens; (v) enter into transactions with affiliates; (vi) merge or consolidate with another company; (vii) transfer and sell assets; and (viii) create unrestricted subsidiaries. These covenants are subject to a number of important exceptions and qualifications. If at any time when the Notes are rated investment grade by both Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services and no default (as defined in the indentures governing the Notes) has occurred and is continuing, many of such covenants will terminate and the Company and its restricted subsidiaries will cease to be subject to such covenants. The indentures governing the Notes contain customary events of default, including: • default in any payment of interest on any Note when due, continued for 30 days; • default in the payment of principal of or premium, if any, on any Note when due; • failure by the Company to comply with its other obligations under the indentures governing the Notes, in certain cases subject to notice and grace periods; • payment defaults and accelerations with respect to other indebtedness of the Company and its Restricted Subsidiaries (as defined in the indentures governing the Notes) in the aggregate principal amount of $25.0 million or more; • certain events of bankruptcy, insolvency or reorganization of the Company or a Significant Subsidiary (as defined in the indentures governing the Notes) or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; • failure by the Company or Restricted Subsidiary to pay certain final judgments aggregating in excess of $25.0 million within 60 days; and • any guarantee of the Notes by a Guarantor ceases to be in full force and effect, is declared null and void in a judicial proceeding or is denied or disaffirmed by its maker. Senior Secured Revolving Credit Facility (c) In April 2013, the Company entered into a Senior Secured Revolving Credit Facility (the “Senior Secured Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders. As of June 30, 2015 , the borrowing base under the Third Amended and Restated Credit Agreement (as amended, the “Amended Credit Agreement”) governing the Senior Secured Revolving Credit Facility was $650.0 million and the sublimit for letters of credit was $175.0 million . The Company had zero borrowings outstanding and $105.0 million in letters of credit outstanding under its Amended Credit Agreement as of June 30, 2015 , resulting in availability of $545.0 million . The next redetermination of the borrowing base is scheduled for October 2015. The maturity date of the Senior Secured Revolving Credit Facility is January 29, 2019. Eurodollar loans under the Senior Secured Revolving Credit Facility bear interest at a rate per annum equal to LIBOR plus an applicable margin ranging from 150 to 250 basis points, depending on the percentage of borrowing base utilized. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 50 to 150 basis points, depending on the percentage of borrowing base utilized. The Amended Credit Agreement is secured by liens on at least 80% of the proved oil and gas reserves of the Company and its subsidiaries (other than any subsidiary that is designated as an unrestricted subsidiary, including Rice Midstream Holdings and its subsidiaries), as well as significant unproved acreage and substantially all of the personal property of the Company and such restricted subsidiaries, and the Company’s obligations under the Amended Credit Agreement are guaranteed by such restricted subsidiaries. The Amended Credit Agreement contains restrictive covenants that limit the ability of the Company and its restricted subsidiaries to, among other things: • incur additional indebtedness; • sell assets; • make loans to others; • make investments; • enter into mergers; • make or declare dividends; • hedge future production or interest rates; • incur liens; and • engage in certain other transactions without the prior consent of the lenders. The Amended Credit Agreement also requires the Company to maintain certain financial ratios, which are measured at the end of each calendar quarter: • a current ratio, which is the ratio of consolidated current assets (including unused commitments under the Amended Credit Agreement and excluding non-cash derivative assets) to consolidated current liabilities (excluding current maturities under the Amended Credit Agreement and non-cash derivative liabilities), of not less than 1.0 to 1.0 ; and • a minimum interest coverage ratio, which is the ratio of consolidated EBITDAX (as such term is defined in the Amended Credit Agreement) based on the trailing 12 month period to consolidated interest expense, of not less than 2.5 to 1.0 . The Company was in compliance with such covenants and ratios effective as of June 30, 2015 . Midstream Holdings Revolving Credit Facility (d) On December 22, 2014 , Rice Midstream Holdings LLC entered into a revolving credit facility (the “Midstream Holdings Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $300.0 million and a sublimit for letters of credit of $25.0 million . As of June 30, 2015 , Rice Midstream Holdings had $97.0 million of borrowings outstanding and $0.1 million letters of credit under this facility. The credit facility is available to fund working capital requirements and capital expenditures and to purchase assets and matures on December 22, 2019 . Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, Rice Midstream Holdings may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bear interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 225 to 300 basis points, depending on the leverage ratio then in effect. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 125 to 200 basis points, depending on the leverage ratio then in effect. Rice Midstream Holdings also pays a commitment fee based on the undrawn commitment amount ranging from 37.5 to 50 basis points. The Midstream Holdings Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, Rice Midstream Holdings and its restricted subsidiaries (which do not include the Partnership, Rice Midstream Management LLC, a Delaware limited liability company and general partner of the Partnership, or the Company and its subsidiaries other than Rice Midstream Holdings). The Midstream Holdings Revolving Credit Facility limits the ability of Rice Midstream Holdings and its restricted subsidiaries to, among other things: • incur or guarantee additional debt; • redeem or repurchase units or make distributions under certain circumstances; • make certain investments and acquisitions; • incur certain liens or permit them to exist; • enter into certain types of transactions with affiliates; • merge or consolidate with another company; and • transfer, sell or otherwise dispose of assets. The Midstream Holdings Revolving Credit Facility also requires Rice Midstream Holdings to maintain the following financial ratios: • an interest coverage ratio, which is the ratio of Rice Midstream Holding’s consolidated EBITDA (as defined within the Midstream Holdings Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter; and • a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.25 to 1.0. Rice Midstream Holdings was in compliance with such covenants and ratios effective as of June 30, 2015 . RMP Revolving Credit Facility (e) On December 22, 2014 , Rice Midstream OpCo LLC, a wholly-owned subsidiary of the Partnership (“Rice Midstream OpCo”), e ntered into a revolving credit facility (the “RMP Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $450.0 million with an additional $200.0 million of commitments available under an accordion feature subject to lender approval. The RMP Revolving Credit Facility provides for a letter of credit sublimit of $50.0 million . As of June 30, 2015 , Rice Midstream OpCo had $30.0 million of borrowings outstanding and no letters of credit under this facility. The RMP Revolving Credit Facility is available to fund working capital requirements and capital expenditures, to purchase assets, to pay distributions and repurchase units and for general partnership purposes and matures on December 22, 2019 . Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, the Partnership may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bears interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 175 to 275 basis points, depending on the leverage ratio then in effect. Base rate loans bears interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 75 to 175 basis points, depending on the leverage ratio then in effect. The Partnership also pays a commitment fee based on the undrawn commitment amount ranging from 35 to 50 basis points. The RMP Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, the Partnership and its restricted subsidiaries. The RMP Revolving Credit Facility limits the ability of the Partnership and its restricted subsidiaries to, among other things: • incur or guarantee additional debt; • redeem or repurchase units or make distributions under certain circumstances; • make certain investments and acquisitions; • incur certain liens or permit them to exist; • enter into certain types of transactions with affiliates; • merge or consolidate with another company; and • transfer, sell or otherwise dispose of assets. The RMP Revolving Credit Facility also requires the Partnership to maintain the following financial ratios: • an interest coverage ratio, which is the ratio of the Partnership’s consolidated EBITDA (as defined within the RMP Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter; • a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.75 to 1.0, and after electing to issue senior unsecured notes, a consolidated total leverage ratio of not more than 5.25 to 1.0, and, in each case, with certain increases in the permitted total leverage ratio following the completion of a material acquisition; and • if the Partnership elects to issue senior unsecured notes, a consolidated senior secured leverage ratio, which is the ratio of consolidated senior secured debt to consolidated EBITDA, of not more than 3.50 to 1.0. The Partnership was in compliance with such covenants and ratios effective as of June 30, 2015 . Expected Aggregate Maturities Expected aggregate maturities of the notes payable as of June 30, 2015 are as follows (in thousands) : Remainder of Year Ending December 31, 2015 $ — Year Ending December 31, 2016 — Year Ending December 31, 2017 — Year Ending December 31, 2018 — Year Ending December 31, 2019 and Beyond 1,424,033 Total $ 1,424,033 Interest paid in cash was approximately $28.4 million and $28.5 million for the three and six months ended June 30, 2015 , respectively, and $1.8 million and $8.8 million for the three and six months ended June 30, 2014 , respectively.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company uses derivative commodity instruments that are placed with major financial institutions whose creditworthiness is regularly monitored. The Company’s derivative counterparties share in the Amended Credit Agreement collateral. The Company’s hedging activities are intended to support natural gas prices at targeted levels and to manage its exposure to natural gas price fluctuations. To mitigate the potential negative impact on the Company’s cash flow caused by changes in natural gas prices, the Company has entered into financial commodity derivative contracts in the form of swaps, zero cost collars, calls, puts and basis swaps to ensure that it receives minimum prices for a portion of its future natural gas production when management believes that favorable future prices can be secured. The Company’s derivative commodity instruments have not been designated as hedges for accounting purposes; therefore, all gains and losses are recognized in income currently. As of June 30, 2015 , the Company has entered into derivative instruments with various financial institutions, fixing the price it receives for a portion of its natural gas through December 31, 2022 , as summarized in the following table: Swap Contract Expiration MMBtu/day Weighted Year ending December 31, 2015: NYMEX 194,000 $ 4.07 TCO 41,000 $ 3.30 Dominion South 71,000 $ 2.49 Year ending December 31, 2016: NYMEX 295,000 $ 3.90 Dominion South 31,000 $ 2.62 Year ending December 31, 2017: NYMEX 80,000 $ 4.01 Collar Contract Expiration MMBtu/day Floor/Ceiling Year ending December 31, 2015: NYMEX 158,000 $3.96/$4.65 Year ending December 31, 2016: NYMEX 40,000 $2.89/$3.68 Year ending December 31, 2017: NYMEX 180,000 $3.11/$3.64 Year ending December 31, 2018: 160,000 $3.20/$3.70 NYMEX Basis Contract Expiration MMBtu/day Swap ($/MMBtu) Year ending December 31, 2015: TCO 33,000 $ (0.42 ) Dominion South 16,000 $ (1.12 ) M2 20,000 $ (0.94 ) TETCO ELA 30,000 $ (0.13 ) MichCon 1,000 $ (0.04 ) Year ending December 31, 2016: TCO 17,000 $ (0.42 ) Dominion South 45,000 $ (1.10 ) M2 40,000 $ (1.08 ) TETCO ELA 10,000 $ (0.12 ) MichCon 4,000 $ (0.04 ) Chicago 20,000 $ (0.04 ) ANR SE 15,000 $ (0.13 ) Year ending December 31, 2017: Dominion South 20,000 $ (0.96 ) MichCon 4,000 $ (0.04 ) Year ending December 31, 2018: Dominion South 65,000 $ (0.69 ) MichCon 4,000 $ (0.04 ) Year ending December 31, 2019: Dominion South 60,000 $ (0.61 ) MichCon 20,000 $ (0.12 ) The following tables present the gross amounts of recognized derivative assets and liabilities, the amounts offset under netting arrangements with counterparties and the resulting net amounts presented in the condensed consolidated balance sheets for the periods presented, all at fair value (refer to Note 5 for derivative instruments at fair value): As of June 30, 2015 (in thousands) Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross Derivative instruments subject to master netting arrangements Derivative instruments, net Derivative assets $ 245,141 $ (61,132 ) $ 184,009 As of December 31, 2014 (in thousands) Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross Derivative instruments subject to master netting arrangements Derivative instruments, net Derivative assets $ 201,775 $ (5,553 ) $ 196,222

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company determines fair value on a recurring basis for derivative instruments as these instruments are required to be recorded at fair value for each reporting amount. Fair value is based on quoted market prices, where available. If quoted market prices are not available, fair value is based upon models that use as inputs market-based parameters, including but not limited to forward curves, discount rates, broker quotes, volatilities and nonperformance risk. The Company has categorized its fair value measurements into a three-level fair value hierarchy, based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Company’s fair value measurements relating to derivative instruments are included in Level 2. Since the adoption of fair value accounting, the Company has not made any changes to its classification of financial instruments in each category. Items included in Level 3 are valued using internal models that use significant unobservable inputs. Items included in Level 2 are valued using management’s best estimate of fair value corroborated by third-party quotes. The following assets and liabilities were measured at fair value on a recurring basis during the period (refer to Note 4 for details relating to derivative instruments): As of June 30, 2015 Fair Value Measurements at Reporting Date Using (in thousands) Carrying Value Total Fair Value Quoted Prices in Significant Other Significant Assets: Derivative instruments, at fair value $ 184,009 $ 184,009 $ — $ 184,009 $ — Total assets $ 184,009 $ 184,009 $ — $ 184,009 $ — As of December 31, 2014 Fair Value Measurements at Reporting Date Using (in thousands) Carrying Value Total Fair Value Quoted Prices in Significant Other Significant Assets: Derivative instruments, at fair value $ 196,222 $ 196,222 $ — $ 196,222 $ — Total assets $ 196,222 $ 196,222 $ — $ 196,222 $ — The carrying value of cash equivalents approximates fair value due to the short maturity of the instruments. The Company’s non-financial assets, such as property, plant and equipment, goodwill and intangible assets are recorded at fair value upon acquisition and are remeasured at fair value only if an impairment charge is recognized. To the extent necessary, the Company applies unobservable inputs and management judgment due to the absence of quoted market prices (Level 3) to the valuation methodologies for these non-financial assets. The estimated fair value and carrying amount of long-term debt as reported on the condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014 is shown in the table below (refer to Note 3 for details relating to the debt instruments). The fair value was estimated using Level 2 inputs based on rates reflective of the remaining maturity as well as the Company’s financial position. As of June 30, 2015 As of December 31, 2014 Long-Term Debt (in thousands) Carrying Value Fair Value Carrying Value Fair Value Senior Notes Due 2022 $ 900,000 $ 893,250 $ 900,000 $ 839,250 Senior Notes Due 2023 397,033 410,000 — — Senior Secured Revolving Credit Facility — — — — Midstream Holdings Revolving Credit Facility 97,000 97,000 — — RMP Revolving Credit Facility 30,000 30,000 — — Other — — 680 680 Total $ 1,424,033 $ 1,430,250 $ 900,680 $ 839,930

Financial Information by Busine

Financial Information by Business Segment	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Financial Information by Business Segment	Financial Information by Business Segment The Company operates in two business segments: exploration and production and midstream. The exploration and production segment is responsible for the acquisition, exploration and development of natural gas, oil and NGL properties in the Appalachian Basin. The midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production, and in the provision of water services to support the well completion activities, of Rice Energy and third parties. The midstream segment includes the financial results of the Partnership as well as the Company’s 50.0% limited partner interest and incentive distribution rights in the Partnership. Business segments are evaluated for their contribution to the Company’s consolidated results based on operating income, which is defined as segment operating revenues less expenses. Other income and expenses, interest and income taxes are managed on a consolidated basis. The segment accounting policies are the same as those described in Note 1 to the Company’s Consolidated Financial Statements for the year ended December 31, 2014 contained in its 2014 Annual Report. The operating results and assets of the Company’s reportable segments were as follows as of and for the three months ended June 30, 2015 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 100,890 $ — $ — $ 100,890 Firm transportation sales, net 438 — — 438 Gathering, compression and water distribution — 34,812 (23,246 ) 11,566 Total operating revenues $ 101,328 $ 34,812 $ (23,246 ) $ 112,894 Operating expenses: Lease operating 11,090 — — 11,090 Gathering, compression and transportation 32,691 — (15,849 ) 16,842 Production taxes and impact fees 1,694 — — 1,694 Exploration 356 — — 356 Midstream operation and maintenance — 2,801 — 2,801 Incentive unit expense 21,885 1,214 — 23,099 Stock compensation expense 3,011 1,201 — 4,212 General and administrative 16,115 4,310 — 20,425 Depreciation, depletion and amortization 73,342 3,330 (532 ) 76,140 Amortization of intangible assets — 408 — 408 Other expense 1,159 839 — 1,998 Total operating expenses $ 161,343 $ 14,103 $ (16,381 ) $ 159,065 Operating (loss) income $ (60,015 ) $ 20,709 $ (6,865 ) $ (46,171 ) Capital expenditures for segment assets $ 211,925 $ 93,330 $ (6,866 ) $ 298,389 The operating results and assets of the Company’s reportable segments were as follows for the three months ended June 30, 2014 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 88,524 $ — $ — $ 88,524 Firm transportation sales, net 2,113 — — 2,113 Gathering, compression and water distribution — 1,393 (90 ) 1,303 Total operating revenues $ 90,637 $ 1,393 $ (90 ) $ 91,940 Operating expenses: Lease operating 6,667 — — 6,667 Gathering, compression and transportation 8,104 — (90 ) 8,014 Production taxes and impact fees 871 — — 871 Exploration 473 — — 473 Midstream operation and maintenance — 1,162 — 1,162 Incentive unit expense 2,462 (988 ) — 1,474 Stock compensation expense 994 131 — 1,125 General and administrative 9,430 5,415 — 14,845 Depreciation, depletion and amortization 31,397 1,155 — 32,552 Amortization of intangible assets — 340 — 340 Total operating expenses $ 60,398 $ 7,215 $ (90 ) $ 67,523 Operating income (loss) $ 30,239 $ (5,822 ) $ — $ 24,417 Capital expenditures for segment assets $ 229,015 $ 32,847 $ — $ 261,862 The operating results and assets of the Company’s reportable segments were as follows as of and for the six months ended June 30, 2015 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 197,802 $ — $ — $ 197,802 Firm transportation sales, net 3,264 — — 3,264 Gathering, compression and water distribution — 64,259 (42,892 ) 21,367 Total operating revenues $ 201,066 $ 64,259 $ (42,892 ) $ 222,433 Operating expenses: Lease operating 22,681 — — 22,681 Gathering, compression and transportation 60,367 — (29,105 ) 31,262 Production taxes and impact fees 3,148 — — 3,148 Exploration 1,095 — — 1,095 Midstream operation and maintenance — 6,132 — 6,132 Incentive unit expense 44,383 2,174 — 46,557 Stock compensation expense 5,231 2,236 — 7,467 General and administrative 29,414 8,500 — 37,914 Depreciation, depletion and amortization 132,256 6,997 (532 ) 138,721 Amortization of intangible assets — 816 — 816 Other expense 3,050 839 — 3,889 Total operating expenses $ 301,625 $ 27,694 $ (29,637 ) $ 299,682 Operating (loss) income $ (100,559 ) $ 36,565 $ (13,255 ) $ (77,249 ) Capital expenditures for segment assets $ 452,642 $ 183,942 $ (13,787 ) $ 622,797 The operating results and assets of the Company’s reportable segments were as follows for the six months ended June 30, 2014 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 178,990 $ — $ — $ 178,990 Firm transportation sales, net 2,113 — — 2,113 Gathering, compression and water distribution — 1,459 (145 ) 1,314 Total operating revenues $ 181,103 $ 1,459 $ (145 ) $ 182,417 Operating expenses: Lease operating 11,853 — — 11,853 Gathering, compression and transportation 14,616 — (145 ) 14,471 Production taxes and impact fees 1,510 — — 1,510 Exploration 959 — — 959 Midstream operation and maintenance — 1,835 — 1,835 Incentive unit expense 70,564 4,712 — 75,276 Stock compensation expense 1,085 131 — 1,216 General and administrative 18,998 7,277 — 26,275 Depreciation, depletion and amortization 56,461 1,598 — 58,059 Amortization of intangible assets — 340 — 340 Total operating expenses $ 176,046 $ 15,893 $ (145 ) $ 191,794 Operating income (loss) $ 5,057 $ (14,434 ) $ — $ (9,377 ) Capital expenditures for segment assets $ 394,293 $ 47,357 $ — $ 441,650 As of June 30, 2015: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 3,215,138 $ 829,855 $ (13,787 ) $ 4,031,206 Goodwill $ 294,908 $ 39,142 $ — $ 334,050 As of December 31, 2014: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 2,935,814 $ 592,135 $ — $ 3,527,949 Goodwill $ 294,908 $ 39,142 $ — $ 334,050

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies On October 14, 2013 , the Company entered into a Development Agreement and Area of Mutual Interest (“AMI”) Agreement (collectively, the “Utica Development Agreements”) with Gulfport Energy Corporation (“Gulfport”) covering approximately 50,000 aggregate net acres in the Utica Shale in Belmont County, Ohio. Pursuant to the Utica Development Agreements, the Company had approximately 68.7% participating interest in acreage currently owned or to be acquired by the Company or Gulfport located within Goshen and Smith Townships (the “Northern Contract Area”) and an approximately 48.2% participating interest in acreage currently owned or to be acquired by the Company or Gulfport located within Wayne and Washington Townships (the “Southern Contract Area”), each within Belmont County, Ohio. The remaining participating interests are held by Gulfport. The participating interests of the Company and Gulfport in each of the Northern and Southern Contract Areas approximated the Company’s then-current relative acreage positions in each area. The Utica Development Agreements have terms of ten years and are terminable upon 90 days’ notice by either party; provided that, with respect to interests included within a drilling unit, such interests shall remain subject to the applicable joint operating agreement and the Company and Gulfport shall remain operators of drilling units located in the Northern and Southern Contract Areas, respectively, following such termination. The Company has commitments for gathering and firm transportation under existing contracts with third parties. Future payments under these contracts as of June 30, 2015 totaled $4,846.5 million (remainder of 2015 - $49.4 million , 2016 - $117.2 million , 2017 - $136.8 million , 2018 - $197.6 million , 2019 - $222.5 million , 2020 - $222.3 million and thereafter - $3,900.7 million ). The Company has three horizontal and two tophole drilling rigs under contract, of which two expire in 2016, two expire in 2017 and one expires in 2018. Future payments under these contracts as of June 30, 2015 totaled $64.6 million (remainder of 2015 - $21.3 million , 2016 - $28.9 million , 2017 - $12.2 million and 2018 - $2.2 million ). Any other rig performing work for the Company is performed on a well-by-well basis and therefore can be released without penalty at the conclusion of drilling on the current well. These types of drilling obligations have not been included in the amounts above. The values above represent the gross amounts that the Company is committed to pay without regard to its proportionate share based on its working interest. The Company is involved in various litigation matters arising in the normal course of business. Management is not aware of any actions that are expected to have a material adverse effect on its financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity On January 29, 2014 , pursuant to the Master Reorganization Agreement (the “Master Reorganization Agreement”) among the Company, Rice Drilling B, Rice Appalachia, Rice Energy Holdings LLC (“Rice Holdings”), Rice Energy Family Holdings, LP (“Rice Partners”), NGP Rice Holdings, LLC (“NGP Holdings”), NGP RE Holdings, L.L.C., (“NGP RE Holdings”) NGP RE Holdings II, L.L.C. (“NGP RE II” and, together with NGP RE Holdings, “Natural Gas Partners”), Mr. Daniel J. Rice III, Rice Merger LLC (“Merger Sub”) and each of the persons holding incentive units representing interests in Rice Appalachia (collectively, the “Incentive Unitholders”) dated as of January 23, 2014 , (i) (a) Rice Partners contributed a portion of its interests in Rice Appalachia to Rice Holdings, (b) Natural Gas Partners contributed its interests in Rice Appalachia to NGP Holdings and (c) the Incentive Unitholders contributed a portion of their incentive units to Rice Holdings and NGP Holdings, in each case in return for substantially similar incentive units in such entities; (ii) NGP Holdings, Rice Holdings and Mr. Daniel J. Rice III contributed their respective interests in Rice Appalachia to the Company in exchange for 43,452,550 , 20,300,923 and 2,356,844 shares of common stock, respectively; (iii) Rice Partners contributed its remaining interest in Rice Appalachia to the Company in exchange for 20,000,000 shares of common stock; (iv) the Incentive Unitholders contributed their remaining interests in Rice Appalachia to the Company in exchange for 160,831 shares of common stock, each of which were issued by the Company in connection with the closing of the IPO. In connection with the IPO, in the first quarter of 2014, the Company recognized non-cash compensation expense of $3.4 million for these 160,831 shares. In addition, on January 29, 2014 , pursuant to the Agreement and Plan of Merger (the “Merger Agreement”) among the Company, Rice Drilling B and Merger Sub dated as of January 23, 2014 , the Company issued 1,728,852 shares of common stock to the members of Rice Drilling B (other than Rice Appalachia) in exchange for their units in Rice Drilling B. In August 2014, the Company completed a public offering (the “August 2014 Equity Offering”) of 13,729,650 shares of common stock at $27.30 per share, which included 7,500,000 shares sold by the Company and 6,229,650 shares sold by NGP Holdings and an affiliate of Alpha Natural Resources, Inc. (the “Selling Stockholders”). After deducting underwriting discounts and commissions of $7.7 million and transaction costs, the Company received net proceeds of $196.3 million . The Company received no proceeds from the sale of shares by the Selling Stockholders. The net proceeds from this offering were used to fund a portion of the Company’s 2014 capital budget. On December 22, 2014 , the Partnership completed an initial public offering (the “RMP IPO”) of 28,750,000 common units representing limited partner interests in the Partnership, which represented 50% of the Partnership’s outstanding equity. The Company retained a 50% limited partner interest in the Partnership, consisting of 3,623 common units and 28,753,623 subordinated units. In connection with the RMP IPO, the Company contributed to the Partnership 100% of Rice Poseidon Midstream, LLC (“Rice Poseidon”). A wholly-owned subsidiary of the Company serves as the general partner of the Partnership. The Company continues to consolidate the results of the Partnership and records an income tax provision only as to its ownership percentage. The Company records the noncontrolling interest of the public limited partners in its condensed consolidated financial statements. On May 12, 2015, the Company and NGP Holdings entered into an Underwriting Agreement (the “Underwriting Agreement”) with Goldman, Sachs & Co. and Citigroup Global Markets Inc. (together, the “Underwriters”), relating to the offer and sale by NGP Holdings (the “Secondary Offering”) of 6,000,000 shares of common stock at a price to the public of $24.20 per share ( $23.99 per share net of underwriting discounts and commissions). The Secondary Offering closed on May 15, 2015. The Company did not receive any proceeds from the sale of shares of common stock by NGP Holdings. The Company’s Board of Directors did not declare or pay a dividend for the three or six months ended June 30, 2015 or 2014 . A cash distribution to the Partnership’s unitholders of $0.1875 per common and subordinated unit was paid by the Partnership on May 14, 2015 related to the first quarter of 2015. On July 24, 2015, the Board of Directors of the Partnership’s general partner declared a cash distribution to the Partnership’s unitholders for the second quarter of 2015 of $0.1905 per common and subordinated unit. The cash distribution will be paid on August 13, 2015 to unitholders of record at the close of business on August 4, 2015.

Incentive Units

Incentive Units	6 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive Units	Stock-Based Compensation During the year ended December 31, 2014 and the six months ended June 30, 2015 , the Company granted stock compensation awards to certain non-employee directors and employees under the Company’s long-term incentive plan. The awards consisted of restricted stock units, which vest upon the passage of time, and performance stock units, which vest based upon attainment of specified performance criteria. Stock compensation expense related to these awards was $3.2 million and $5.5 million for the three and six months ended June 30, 2015 , respectively, and $1.1 million and $1.2 million for the three and six months ended June 30, 2014 , respectively. As of June 30, 2015 , the Company has unrecognized compensation expense related to these equity awards of $26.0 million . Stock compensation expense also includes phantom unit awards granted in connection with the closing of the Partnership’s IPO to certain non-employee directors of the Partnership and executive officers and employees of Rice Energy. The Partnership recorded $1.0 million and $2.0 million of stock compensation expense related to these awards in the three and six months ended June 30, 2015 , respectively. As of June 30, 2015 , the Partnership has unrecognized compensation expense related to these awards of $4.9 million .
Incentive Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive Units	Incentive Units In connection with the IPO and the related corporate reorganization, the Rice Appalachia incentive unit holders contributed their Rice Appalachia incentive units (except for those exchanged for shares of common stock in connection with the extinguishment of an incentive burden attributable to Mr. Daniel J. Rice III) to Rice Holdings and NGP Holdings in return for incentive units in such entities that, in the aggregate, were substantially similar to the Rice Appalachia incentive units they previously held (except with respect to the incentive burden attributable to Mr. Daniel J. Rice III). In the first quarter of 2014, NGP Holdings distribution thresholds with regard to certain classes (tiers) of incentive units were satisfied as a result of NGP Holdings’ distribution of net proceeds from its sale of the Company’s common stock, and NGP Holdings made cash distributions to its members including holders of incentive units in an aggregate amount of $4.4 million . No payments were made in respect of incentive units prior to the completion of the Company’s IPO. These two transactions resulted in non-cash compensation expense of $7.8 million being recorded in the first quarter of 2014 by the Company. As a result of the IPO, the payment likelihood related to the incentive units was deemed probable, requiring the Company to recognize expense. Total compensation expense relative to these interests was $23.1 million and $46.6 million for the three and six months ended June 30, 2015 , respectively, and $1.5 million and $75.3 million for the three and six months ended June 30, 2014 , respectively. Of the compensation expense recognized for the three and six months ended June 30, 2015 , approximately $1.9 million and $11.1 million , respectively, related to changes in certain service condition assumptions. The Company expects to recognize approximately $52.2 million of additional compensation expense over the remaining expected service period related to the Rice Holdings interests. The NGP Holdings interests are considered a liability-based award and will be adjusted to fair market value on a quarterly basis until all payments have been made. The recognized and unrecognized compensation expense related to the NGP Holdings interests is sensitive to certain assumptions, including the estimated timing of NGP Holdings’ sale of the Company’s common stock. As of June 30, 2015 , the unrecognized compensation expense related to the NGP Holdings units is approximately $24.5 million . The compensation expense related to these interests is treated as additional paid in capital from Rice Holdings and NGP Holdings in our financial statements and is not deductible for federal or state income tax purposes. The compensation expense recognized is a non-cash charge, with the settlement obligation resting on NGP Holdings and Rice Holdings, and as such are not dilutive to Rice Energy Inc. In August 2014, the triggering event for the Rice Holdings incentive units was achieved. As a result, in August of 2015, 2016 and 2017, Rice Holdings will distribute one third, one half and all, respectively, of its then-remaining assets (consisting solely of shares of the Company’s common stock) to its members pursuant to the terms of its limited liability company agreement. As a result, over time, the shares of the Company’s common stock held by Rice Holdings will be transferred in their entirety to Rice Energy Irrevocable Trust and the incentive unitholders. As a result of the Company’s August 2014 Equity Offering, NGP Holdings paid approximately $12.0 million to holders of certain NGP Holdings incentive units. The sale of the Company’s stock by NGP Holdings in the Secondary Offering triggered a payment to holders of certain NGP Holdings incentive units in May 2015, which resulted in approximately $26.7 million expense for the three and six months ended June 30, 2015 . See Note 8 for a discussion of the Secondary Offering. Three tranches of the incentive units have a time vesting feature. A roll forward of those units from December 31, 2014 to June 30, 2015 is included below. Vested Units Balance, December 31, 2014 1,800,911 Vested During Period 559,590 Forfeited During Period — Granted During Period — Canceled During Period — Vested Units Balance, June 30, 2015 2,360,501 Four tranches of the incentive units do not have a time vesting feature, and their payouts are triggered upon a future payment condition. As such, none of these awards have legally vested as of June 30, 2015 . The fair value of the incentive units was estimated using a Monte Carlo simulation valuation model with the following assumptions: Rice Holdings Valuation Date 1/29/2014 Dividend Yield 0.00 % Expected Volatility 47.00 % Risk-Free Rate 1.11 % Expected Life (Years) 4.0 Rice Holdings Valuation Date 4/14/2014 Dividend Yield 0.00 % Expected Volatility 45.19 % Risk-Free Rate 1.13 % Expected Life (Years) 3.8 Rice Holdings Valuation Date 4/16/2014 Dividend Yield 0.00 % Expected Volatility 44.32 % Risk-Free Rate 1.18 % Expected Life (Years) 3.8 NGP Holdings Valuation Date 6/30/2015 Dividend Yield 0.00 % Expected Volatility 47.29 % Risk-Free Rate 0.37 % Expected Life (Years) 1.25

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation During the year ended December 31, 2014 and the six months ended June 30, 2015 , the Company granted stock compensation awards to certain non-employee directors and employees under the Company’s long-term incentive plan. The awards consisted of restricted stock units, which vest upon the passage of time, and performance stock units, which vest based upon attainment of specified performance criteria. Stock compensation expense related to these awards was $3.2 million and $5.5 million for the three and six months ended June 30, 2015 , respectively, and $1.1 million and $1.2 million for the three and six months ended June 30, 2014 , respectively. As of June 30, 2015 , the Company has unrecognized compensation expense related to these equity awards of $26.0 million . Stock compensation expense also includes phantom unit awards granted in connection with the closing of the Partnership’s IPO to certain non-employee directors of the Partnership and executive officers and employees of Rice Energy. The Partnership recorded $1.0 million and $2.0 million of stock compensation expense related to these awards in the three and six months ended June 30, 2015 , respectively. As of June 30, 2015 , the Partnership has unrecognized compensation expense related to these awards of $4.9 million .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share takes into account the dilutive effect of potential common stock that could be issued by the Company in conjunction with stock awards that have been granted to directors and employees. The following is a calculation of the basic and diluted weighted-average number of shares of common stock outstanding and EPS for the three and six months ended June 30, 2015 and 2014 . As indicated in Note 1, the Company’s corporate reorganization was considered a transaction amongst entities under common control. Therefore, the weighted average shares used in the Company’s EPS calculation assume that the Rice Energy Inc. corporate structure was in place for all periods presented. Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share data) 2015 2014 2015 2014 Income (numerator): Net (loss) income $ (69,683 ) $ (7,917 ) $ (69,530 ) $ 121,538 Weighted-average number of shares of common stock (denominator): Basic 136,315,882 128,419,606 136,303,914 121,925,915 Diluted 136,315,882 128,419,606 136,303,914 122,255,908 Earnings (loss) per share: Basic $ (0.51 ) $ (0.06 ) $ (0.51 ) $ 1.00 Diluted $ (0.51 ) $ (0.06 ) $ (0.51 ) $ 0.99 For the three and six months ended June 30, 2015 , 284,829 and 170,413 shares, respectively, attributable to equity awards were not included in the diluted earnings per share calculation as the Company incurred a net loss for the periods presented herein. For the three months ended June 30, 2014, 109,593 shares were not considered dilutive as the Company incurred a net loss for the periods presented herein.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is a corporation subject to federal income tax at a statutory rate of 35% of pretax earnings and, as such, its future income taxes will be dependent upon its future taxable income. The Company did not report any income tax benefit or expense for periods prior to the consummation of its IPO because Rice Drilling B, the Company’s accounting predecessor, is a limited liability company that was not subject to federal income tax. The reorganization of the Company’s business in connection with the closing of the IPO, such that it is now held by a corporation subject to federal income tax, required the recognition of a deferred tax asset or liability for the initial temporary differences at the time of the IPO. The resulting deferred tax liability of approximately $162.3 million was recorded in equity at the date of the completion of the IPO as it represents a transaction among shareholders. Additionally, the pro forma EPS for the six months ended June 30, 2014 disclosed in the accompanying condensed consolidated statements of operations assumes a statutory tax rate. The Company estimates an annual effective income tax rate based on projected results for the year and applies this rate to income before taxes to calculate income tax expense. All of the Partnership’s earnings are included in the Company’s net income; however, the Company is not required to record income tax expense with respect to the portion of the Partnership’s earnings allocated to its noncontrolling public limited partners, which reduces the Company’s effective tax rate. Any refinements made due to subsequent information that affects the estimated annual effective income tax rate are reflected as adjustments in the current period. The tax benefit for the three and six months ended June 30, 2015 was $10.0 million and $1.5 million , respectively, resulting in an effective tax rate of approximately 14% and 2% , respectively. A tax benefit of $4.6 million was recorded for the three months ended June 30, 2014 , resulting in an effective tax rate of approximately 37% . Tax expense of $4.8 million was recorded for the six months ended June 30, 2014 , resulting in an effective tax rate of approximately 4% . The effective tax rate for the three and six months ended June 30, 2015 and 2014 differs from the statutory rate due principally to nondeductible incentive unit expense, pre-tax income prior to the IPO and the portion of the Partnership’s earnings allocated to its noncontrolling public limited partners. Based on management’s analysis, the Company did not have any uncertain tax positions as of June 30, 2015 .

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”), No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” or ASU No. 2014-09. The FASB created Topic 606 which supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance throughout the Industry Topics of the Codification. ASU 2014-09 will enhance comparability of revenue recognition practices across entities, industries and capital markets compared to existing guidance. Additionally, ASU 2014-09 will reduce the number of requirements to which an entity must consider in recognizing revenue as this update will replace multiple locations for guidance. The FASB and International Accounting Standards Board initiated this joint project to clarify the principles for recognizing revenue and to develop a common revenue standard for both U.S. GAAP and International Financial Reporting Standards. ASU 2014-09 is effective for fiscal and interim periods beginning after December 15, 2016 and should be applied retrospectively. Early adoption of this standard is not permitted. In July 2015, the FASB deferred the effective date of the ASU to interim and annual periods beginning after December 15, 2017. The Company has not yet selected a transition method and is currently evaluating the standard and the impact on its consolidated financial statements and footnote disclosures. In February 2015, the FASB issued ASU, 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 is effective for periods beginning after December 15, 2015 with early adoption permitted. The Company is currently evaluating the new guidance and has not determined the impact this standard may have on its financial statements. In April 2015, the FASB issued ASU, 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplification of Debt Issuance Costs.” ASU 2015-03 was issued to simplify the presentation of debt issuance costs by requiring debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. ASU 2015-03 is effective for periods beginning after December 15, 2015 with early adoption permitted. The Company is currently evaluating the impact of the provisions of ASU 2015-03.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 17, 2015, the Company entered into the Fifth Amendment to its Third Amended and Restated Credit Agreement and Amendment to Limited Consent and Second Amendment (the “Fifth Amendment”) to its Amended Credit Agreement. The Fifth Amendment expanded the Company’s hedging capabilities with respect to physical sales contracts. The Fifth Amendment, among other things, (i) revised the aggregate notional volume limitations for the Company’s hedging arrangements contained in the Amended Credit Agreement for the five year period following the date of the Amendment, (ii) provided a limited consent by the lenders to hedge additional volumes of natural gas with respect to calendar months of 2015 in which the Company is not calculated to exceed the notional volume limitations for such month and (iii) allowed the Company to enter into certain sales contracts with its lenders and their affiliates that are secured by the collateral under the Amended Credit Agreement, thereby reducing the Company’s need to post letters of credit with respect to certain firm transportation obligations.

Guarantor Subsidiaries Financia

Guarantor Subsidiaries Financial Information	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Guarantor Financial Information	Guarantor Financial Information On April 25, 2014 , the Company issued $900.0 million in aggregate principal amount of the 2022 Notes and on March 26, 2015 , the Company issued $400.0 million in aggregate principal amount of the 2023 Notes. The obligations under the Notes are fully and unconditionally guaranteed by the Guarantors, subject to release provisions described in Note 3. The Company’s subsidiaries that constitute its midstream segment, including the Partnership, are unrestricted subsidiaries under the indentures governing the Notes and consequently are not Guarantors. In accordance with positions established by the SEC, the following shows separate financial information with respect to the Company, the Guarantors and the non-guarantor subsidiaries. The principal elimination entries eliminate investment in subsidiaries and certain intercompany balances and transactions. Condensed Consolidated Balance Sheet as of June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current assets: Cash $ 162,358 $ 88,732 $ 5,586 $ — $ 256,676 Accounts receivable 322 227,853 17,253 — 245,428 Receivable from affiliates 37,082 — 26,424 (63,414 ) 92 Prepaid expenses and other assets 3,218 2,391 657 — 6,266 Derivative assets 36,668 91,834 — — 128,502 Total current assets 239,648 410,810 49,920 (63,414 ) 636,964 Investments in subsidiaries 2,496,157 118,094 — (2,614,251 ) — Gas collateral account — 3,995 — — 3,995 Property, plant and equipment, net 10,193 2,236,277 689,279 (13,255 ) 2,922,494 Deferred financing costs, net 26,681 — 4,539 — 31,220 Goodwill — 294,908 39,142 — 334,050 Intangible assets, net — — 46,976 — 46,976 Derivative assets 7,900 47,607 — — 55,507 Total assets $ 2,780,579 $ 3,111,691 $ 829,856 $ (2,690,920 ) $ 4,031,206 Liabilities and stockholders’ equity Current liabilities: Accounts payable 1,962 64,535 43,878 — 110,375 Royalties payables — 52,620 — — 52,620 Accrued capital expenditures — 77,729 53,448 — 131,177 Accrued interest 17,108 — 140 — 17,248 Leasehold payables — 14,496 — — 14,496 Deferred tax liabilities 11,393 40,412 — — 51,805 Payable to affiliate — 63,414 — (63,414 ) — Other accrued liabilities 9,827 33,033 1,812 — 44,672 Total current liabilities 40,290 346,239 99,278 (63,414 ) 422,393 Long-term liabilities: Long-term debt 1,297,033 — 127,000 — 1,424,033 Leasehold payable — 5,043 — — 5,043 Deferred tax liabilities (65,496 ) 255,239 20,895 — 210,638 Other long-term liabilities 3,091 9,013 2,794 — 14,898 Total liabilities 1,274,918 615,534 249,967 (63,414 ) 2,077,005 Stockholders’ equity before noncontrolling interest 1,505,661 2,496,157 130,893 (2,627,506 ) 1,505,205 Noncontrolling interest — — 448,996 — 448,996 Total liabilities and stockholders’ equity $ 2,780,579 $ 3,111,691 $ 829,856 $ (2,690,920 ) $ 4,031,206 Condensed Consolidated Balance Sheet as of December 31, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current assets: Cash $ 181,835 $ 41,934 $ 32,361 $ — $ 256,130 Accounts receivable 1,773 196,974 1,153 — 199,900 Receivable from affiliates 634 55 2,198 (2,799 ) 88 Prepaid expenses and other assets 1,296 1,702 341 — 3,339 Derivative assets 47,291 85,743 — — 133,034 Total current assets 232,829 326,408 36,053 (2,799 ) 592,491 Investments in subsidiaries 2,177,895 86,148 — (2,264,043 ) — Gas collateral account — 3,995 — — 3,995 Property, plant and equipment, net 10,348 1,986,856 464,127 — 2,461,331 Deferred financing costs, net 20,081 — 5,022 — 25,103 Goodwill — 294,908 39,142 — 334,050 Intangible assets, net — — 47,791 — 47,791 Other non-current assets 8,290 54,898 — — 63,188 Total assets $ 2,449,443 $ 2,753,213 $ 592,135 $ (2,266,842 ) $ 3,527,949 Liabilities and stockholders’ equity Current liabilities: Current portion of long-term debt $ — $ 680 $ — $ — $ 680 Accounts payable 19,231 101,132 31,966 — 152,329 Royalties payables — 37,172 — — 37,172 Accrued capital expenditures 1,515 89,858 16,917 — 108,290 Accrued interest 9,375 — — — 9,375 Leasehold payables — 30,702 — — 30,702 Deferred tax liabilities 54,688 39,197 — (39,197 ) 54,688 Other accrued liabilities 16,652 27,502 2,086 (2,801 ) 43,439 Total current liabilities 101,461 326,243 50,969 (41,998 ) 436,675 Long-term liabilities: Long-term debt 900,000 — — — 900,000 Deferred tax liabilities 12,497 237,155 10,660 (51,094 ) 209,218 Leasehold payable — 4,279 — — 4,279 Other long-term liabilities 3,068 7,641 1,900 — 12,609 Total liabilities 1,017,026 575,318 63,529 (93,092 ) 1,562,781 Stockholders’ equity before noncontrolling interest 1,432,417 2,177,895 86,148 (2,173,750 ) 1,522,710 Noncontrolling interest — — 442,458 — 442,458 Total liabilities and stockholders’ equity $ 2,449,443 $ 2,753,213 $ 592,135 $ (2,266,842 ) $ 3,527,949 Condensed Consolidated Statement of Operations for the Three Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 100,890 $ — $ — $ 100,890 Firm transportation sales, net — 438 — — 438 Gathering, compression and water distribution — — 34,812 (23,246 ) 11,566 Total operating revenues — 101,328 34,812 (23,246 ) 112,894 Operating expenses: Lease operating — 11,090 — — 11,090 Gathering, compression and transportation — 32,691 — (15,849 ) 16,842 Production taxes and impact fees — 1,694 — — 1,694 Exploration — 212 144 — 356 Midstream operation and maintenance — — 2,801 — 2,801 Incentive unit expense — 21,885 1,214 — 23,099 Stock compensation expense — 3,011 1,201 — 4,212 General and administrative — 16,116 4,309 — 20,425 Depreciation, depletion and amortization — 73,119 3,553 (532 ) 76,140 Amortization of intangible assets — — 408 — 408 Other expense — 1,159 839 — 1,998 Total operating expenses — 160,977 14,469 (16,381 ) 159,065 Operating (loss) income — (59,649 ) 20,343 (6,865 ) (46,171 ) Interest expense (22,381 ) (18 ) (960 ) — (23,359 ) Other income 261 774 — — 1,035 (Loss) gain on derivative instruments (4,866 ) 1,156 — — (3,710 ) Amortization of deferred financing costs (1,054 ) — (252 ) — (1,306 ) Equity income (loss) in affiliate (62,845 ) 912 — 61,933 — Income (loss) before income taxes (90,885 ) (56,825 ) 19,131 55,068 (73,511 ) Income tax (expense) benefit 9,992 (6,020 ) (5,189 ) 11,209 9,992 Net income (loss) (80,893 ) (62,845 ) 13,942 66,277 (63,519 ) Less: Net loss attributable to the noncontrolling interests — — (6,164 ) — (6,164 ) Net income (loss) attributable to Rice Energy $ (80,893 ) $ (62,845 ) $ 7,778 $ 66,277 $ (69,683 ) Condensed Consolidated Statement of Operations for the Three Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 88,524 $ — $ — $ 88,524 Firm transportation sales, net — 2,113 — — 2,113 Gathering, compression and water distribution — — 1,448 (145 ) 1,303 Total operating revenues — 90,637 1,448 (145 ) 91,940 Operating expenses: Lease operating — 6,667 — — 6,667 Gathering, compression and transportation — 8,159 — (145 ) 8,014 Production taxes and impact fees — 871 — — 871 Exploration — 473 — — 473 Midstream operation and maintenance — 126 1,036 — 1,162 Incentive unit expense — 2,387 (913 ) — 1,474 Stock compensation expense — 994 131 — 1,125 General and administrative — 8,106 6,739 — 14,845 Depreciation, depletion and amortization — 31,157 1,395 — 32,552 Amortization of intangible assets — — 340 — 340 Total operating expenses — 58,940 8,728 (145 ) 67,523 Operating loss — 31,697 (7,280 ) — 24,417 Interest expense (10,252 ) (5,689 ) — — (15,941 ) Other income (expense) 19 (226 ) 12 — (195 ) Loss on derivative instruments — (11,198 ) — — (11,198 ) Amortization of deferred financing costs (532 ) — — — (532 ) Loss on extinguishment of debt — (3,001 ) — — (3,001 ) Write-off of deferred financing costs — (6,060 ) — — (6,060 ) Equity in income (loss) of affiliate 3,629 1,610 — (5,239 ) — Income (loss) before income taxes (7,136 ) 7,133 (7,268 ) (5,239 ) (12,510 ) Income tax (expense) benefit 4,593 (3,504 ) 8,878 (5,374 ) 4,593 Net income (loss) (2,543 ) 3,629 1,610 (10,613 ) (7,917 ) Less: Net income attributable to the noncontrolling interests — — — — — Net income (loss) attributable to Rice Energy $ (2,543 ) $ 3,629 $ 1,610 $ (10,613 ) $ (7,917 ) Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 197,802 $ — $ — $ 197,802 Firm transportation sales, net — 3,264 — — 3,264 Gathering, compression and water distribution — — 64,259 (42,892 ) 21,367 Total operating revenues — 201,066 64,259 (42,892 ) 222,433 Operating expenses: Lease operating — 22,681 — — 22,681 Gathering, compression and transportation — 60,367 — (29,105 ) 31,262 Production taxes and impact fees — 3,148 — — 3,148 Exploration — 951 144 — 1,095 Midstream operation and maintenance — — 6,132 — 6,132 Incentive unit expense — 44,383 2,174 — 46,557 Stock compensation expense — 5,231 2,236 — 7,467 General and administrative — 29,414 8,500 — 37,914 Depreciation, depletion and amortization — 132,256 6,997 (532 ) 138,721 Amortization of intangible assets — — 816 — 816 Other expense — 3,050 839 — 3,889 Total operating expenses — 301,481 27,838 (29,637 ) 299,682 Operating (loss) income — (100,415 ) 36,421 (13,255 ) (77,249 ) Interest expense (37,806 ) (50 ) (1,632 ) — (39,488 ) Other income 355 832 9 — 1,196 Gain on derivative instruments 9,099 48,558 — — 57,657 Amortization of deferred financing costs (1,906 ) — (503 ) — (2,409 ) Equity income (loss) in affiliate (69,570 ) 60 — 69,510 — Income (loss) before income taxes (99,828 ) (51,015 ) 34,295 56,255 (60,293 ) Income tax (expense) benefit 1,462 (18,555 ) (10,279 ) 28,834 1,462 Net income (loss) (98,366 ) (69,570 ) 24,016 85,089 (58,831 ) Less: Net loss attributable to the noncontrolling interests — — (10,699 ) — (10,699 ) Net income (loss) attributable to Rice Energy $ (98,366 ) $ (69,570 ) $ 13,317 $ 85,089 $ (69,530 ) Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 178,990 $ — $ — $ 178,990 Firm transportation sales, net — 2,113 — — 2,113 Gathering, compression and water distribution — — 1,459 (145 ) 1,314 Total operating revenues — 181,103 1,459 (145 ) 182,417 Operating expenses: Lease operating — 11,853 — — 11,853 Gathering, compression and transportation — 14,616 — (145 ) 14,471 Production taxes and impact fees — 1,510 — — 1,510 Exploration — 959 — — 959 Midstream operation and maintenance — 515 1,320 — 1,835 Incentive unit expense — 70,564 4,712 — 75,276 Stock compensation expense — 1,085 131 — 1,216 General and administrative — 18,998 7,277 — 26,275 Depreciation, depletion and amortization — 56,461 1,598 — 58,059 Amortization of intangible assets — — 340 — 340 Total operating expenses — 176,561 15,378 (145 ) 191,794 Operating loss — 4,542 (13,919 ) — (9,377 ) Interest expense (10,252 ) (12,731 ) — — (22,983 ) Gain on purchase of Marcellus joint venture — 203,579 — — 203,579 Other income (expense) 20 376 — — 396 Loss on derivative instruments — (31,578 ) — — (31,578 ) Amortization of deferred financing costs (532 ) (489 ) — — (1,021 ) Loss on extinguishment of debt — (3,144 ) — — (3,144 ) Write-off of deferred financing costs — (6,896 ) — — (6,896 ) Equity loss of joint ventures — (2,656 ) — — (2,656 ) Equity in income (loss) of affiliate 130,617 (7,507 ) — (123,110 ) — Income (loss) before income taxes 119,853 143,496 (13,919 ) (123,110 ) 126,320 Income tax (expense) benefit (4,782 ) (12,879 ) 6,412 6,467 (4,782 ) Net income (loss) 115,071 130,617 (7,507 ) (116,643 ) 121,538 Less: Net income attributable to the noncontrolling interests — — — — — Net income (loss) attributable to Rice Energy $ 115,071 $ 130,617 $ (7,507 ) $ (116,643 ) $ 121,538 Condensed Consolidated Statement of Cash Flows for the Six Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (70,784 ) $ 182,183 $ 7,321 $ (13,787 ) $ 104,933 Capital expenditures for property and equipment (1,341 ) (451,301 ) (183,942 ) 13,787 (622,797 ) Proceeds from sale of interest in gas properties — 10,201 — — 10,201 Investment in subsidiaries (335,385 ) (28,973 ) — 364,358 — Net cash (used in) provided by investing activities (336,726 ) (470,073 ) (183,942 ) 378,145 (612,596 ) Proceeds from borrowings 411,932 — 127,000 — 538,932 Repayments of debt obligations (15,394 ) (697 ) — — (16,091 ) Debt issuance costs (8,505 ) — (21 ) — (8,526 ) Offering costs related to the Partnership’s IPO — — (129 ) — (129 ) Distributions to the Partnership’s public unitholders — — (5,977 ) — (5,977 ) Parent distributions, net — 335,385 28,973 (364,358 ) — Net cash provided by (used in) financing activities 388,033 334,688 149,846 (364,358 ) 508,209 Increase (decrease) in cash (19,477 ) 46,798 (26,775 ) — 546 Cash, beginning of year 181,835 41,934 32,361 — 256,130 Cash, end of period $ 162,358 $ 88,732 $ 5,586 $ — $ 256,676 Condensed Consolidated Statement of Cash Flows for the Six Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 4,798 $ 78,502 $ (8,071 ) $ — $ 75,229 Capital expenditures for property and equipment — — (394,293 ) — (47,357 ) — — (441,650 ) Investment in subsidiaries (1,083,844 ) (179,871 ) — 1,263,715 — Acquisition of Marcellus JV, net of cash acquired — (82,766 ) — — (82,766 ) Acquisition of Momentum assets — — (111,447 ) — (111,447 ) Proceeds from sale of interest in gas properties — 11,542 — — 11,542 Net cash provided by (used in) investing activities (1,083,844 ) (645,388 ) (158,804 ) 1,263,715 (624,321 ) Proceeds from borrowings 900,000 — — — 900,000 Repayments of debt obligations — (498,865 ) — — (498,865 ) Restricted cash for convertible debt — 8,268 — — 8,268 Debt issuance costs (20,726 ) 2,290 — — (18,436 ) Shares of stock in IPO, net of costs 600,244 (3,149 ) — — 597,095 Proceeds from conversion of warrants — 948 — — 948 Parent contributions, net — 1,083,844 179,871 (1,263,715 ) — Net cash provided by (used in) financing activities 1,479,518 593,336 179,871 (1,263,715 ) 989,010 Increase (decrease) in cash 400,472 26,450 12,996 — 439,918 Cash, beginning of year — 31,408 204 — 31,612 Cash, end of period $ 400,472 $ 57,858 $ 13,200 $ — $ 471,530

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of Rice Energy Inc. (the “Company”) have been prepared by the Company’s management in accordance with generally accepted accounting principles in the United States (“GAAP”) for interim financial information and applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended. Accordingly, they do not include all of the information and footnotes required by GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments which are, in the opinion of management, necessary to present fairly the Company’s financial position as of June 30, 2015 and December 31, 2014 and its condensed consolidated statements of operations for the three and six months ended June 30, 2015 and 2014 and of cash flows for the six months ended June 30, 2015 and 2014 . A corporate reorganization occurred concurrently with the completion of the Company’s initial public offering (“IPO”) on January 29, 2014 . As a part of this corporate reorganization, the Company acquired all of the outstanding membership interests in Rice Energy Appalachia LLC (“Rice Appalachia”) and Rice Drilling B LLC (“Rice Drilling B”) (other than those already held by Rice Appalachia) in exchange for shares of the Company’s common stock. This reorganization constituted a common control transaction and the accompanying consolidated financial statements are presented as though this reorganization had occurred for the earliest period presented. The consolidated financial statements of the Company include the accounts of its wholly-owned subsidiaries. Rice Midstream Holdings LLC, a wholly-owned subsidiary of the Company (“Rice Midstream Holdings”), owns a 50.0% interest in Rice Midstream Partners LP, a publicly-traded subsidiary of the Company (the “Partnership”). The financial results of the Partnership are consolidated and the remaining 50.0% interest in the Partnership is reflected as noncontrolling interest in the condensed consolidated financial statements. All intercompany transactions have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes therein for the year ended December 31, 2014 , as filed with the Securities and Exchange Commission (“SEC”) by the Company in its Annual Report on Form 10-K (the “ 2014 Annual Report”). Certain prior period financial statement amounts have been reclassified to conform to current period presentation.
New Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”), No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” or ASU No. 2014-09. The FASB created Topic 606 which supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance throughout the Industry Topics of the Codification. ASU 2014-09 will enhance comparability of revenue recognition practices across entities, industries and capital markets compared to existing guidance. Additionally, ASU 2014-09 will reduce the number of requirements to which an entity must consider in recognizing revenue as this update will replace multiple locations for guidance. The FASB and International Accounting Standards Board initiated this joint project to clarify the principles for recognizing revenue and to develop a common revenue standard for both U.S. GAAP and International Financial Reporting Standards. ASU 2014-09 is effective for fiscal and interim periods beginning after December 15, 2016 and should be applied retrospectively. Early adoption of this standard is not permitted. In July 2015, the FASB deferred the effective date of the ASU to interim and annual periods beginning after December 15, 2017. The Company has not yet selected a transition method and is currently evaluating the standard and the impact on its consolidated financial statements and footnote disclosures. In February 2015, the FASB issued ASU, 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.” ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 is effective for periods beginning after December 15, 2015 with early adoption permitted. The Company is currently evaluating the new guidance and has not determined the impact this standard may have on its financial statements. In April 2015, the FASB issued ASU, 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplification of Debt Issuance Costs.” ASU 2015-03 was issued to simplify the presentation of debt issuance costs by requiring debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. ASU 2015-03 is effective for periods beginning after December 15, 2015 with early adoption permitted. The Company is currently evaluating the impact of the provisions of ASU 2015-03.

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable as of June 30, 2015 and December 31, 2014 are detailed below. (in thousands) June 30, 2015 December 31, 2014 Joint interest $ 142,552 $ 125,300 Natural gas sales 83,631 72,206 Other 19,245 2,394 Total accounts receivable $ 245,428 $ 199,900

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consists of the following as of June 30, 2015 and December 31, 2014 : (in thousands) June 30, 2015 December 31, 2014 Long-term Debt Senior Notes Due 2022 (a) $ 900,000 $ 900,000 Senior Notes Due 2023 (b) 397,033 — Senior Secured Revolving Credit Facility (c) — — Midstream Holdings Revolving Credit Facility (d) 97,000 — RMP Revolving Credit Facility (e) 30,000 — Other — 680 Total debt $ 1,424,033 $ 900,680 Less current portion — 680 Long-term debt $ 1,424,033 $ 900,000 Senior Notes 6.25% Senior Notes Due 2022 (a) On April 25, 2014 , the Company issued $900.0 million in aggregate principal amount of 6.25% senior notes due 2022 (the “2022 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), which resulted in net proceeds of $882.7 million , after deducting expenses and the initial purchasers’ discounts of approximately $17.3 million . The 2022 Notes will mature on May 1, 2022 , and interest is payable on the 2022 Notes on each May 1 and November 1 . At any time prior to May 1, 2017 , the Company may redeem up to 35% of the 2022 Notes at a redemption price of 106.25% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2022 Notes remains outstanding after such redemption. Prior to May 1, 2017 , the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2022 Notes), unless the Company has given notice to redeem the 2022 Notes, the holders of the 2022 Notes will have the right to require the Company to repurchase all or a portion of the 2022 Notes at a price equal to 101% of the aggregate principal amount of the 2022 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2017 , the Company may redeem some or all of the 2022 Notes at redemption prices (expressed as percentages of principal amount) equal to 104.688% for the twelve-month period beginning on May 1, 2017, 103.125% for the twelve-month period beginning May 1, 2018, 101.563% for the twelve-month period beginning on May 1, 2019 and 100.000% beginning on May 1, 2020, plus accrued and unpaid interest to the redemption date. 7.25% Senior Notes Due 2023 (b) On March 26, 2015 , the Company issued $400.0 million in aggregate principal amount of 7.25% senior notes due 2023 (the “ 2023 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act, which resulted in net proceeds of $389.3 million , after deducting expenses and the initial purchasers’ discounts of approximately $10.7 million . The Company used a portion of the net proceeds for general corporate purposes, including capital expenditures, and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures. The original issuance discount of $3.1 million related to the 2023 Notes is recorded as a reduction of the principal amount. For the three and six months ended June 30, 2015 , the Company recorded $0.1 million and $0.1 million , respectively, of amortization of the debt discount as interest expense using the effective interest method and a rate of 7.345% . The 2023 Notes will mature on May 1, 2023 , and interest is payable on the 2023 Notes on each May 1 and November 1 , commencing on November 1, 2015 . At any time prior to May 1, 2018 , the Company may redeem up to 35% of the 2023 Notes at a redemption price of 107.250% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2023 Notes remains outstanding after such redemption. Prior to May 1, 2018 , the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2023 Notes), unless the Company has given notice to redeem the 2023 Notes, the holders of the 2023 Notes will have the right to require the Company to repurchase all or a portion of the 2023 Notes at a price equal to 101% of the aggregate principal amount of the 2023 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2018 , the Company may redeem some or all of the 2023 Notes at redemption prices (expressed as percentages of principal amount) equal to 105.438% for the twelve-month period beginning on May 1, 2017, 103.625% for the twelve-month period beginning May 1, 2019, 101.813% for the twelve-month period beginning on May 1, 2020 and 100.000% beginning on May 1, 2021, plus accrued and unpaid interest to the redemption date. In connection with the issuance and sale of the 2023 Notes, the Company and the Company’s restricted subsidiaries (the “Guarantors”) entered into a registration rights agreement with the initial purchasers, dated March 26, 2015 . Pursuant to the registration rights agreement, the Company and the Guarantors have agreed to file a registration statement with the SEC so that holders of the 2023 Notes can exchange the 2023 Notes for registered notes with substantially identical terms. The Company and the Guarantors will use commercially reasonable efforts to cause the exchange to be completed within 365 days after the issuance of the 2023 Notes. The Company and the Guarantors are required to pay additional interest if they fail to comply with their obligations to register the 2023 Notes within the specified time periods. The 2022 Notes and the 2023 Notes (collectively, the “Notes”) are the Company’s senior unsecured obligations, rank equally in right of payment with all of the Company’s existing and future senior debt, and will rank senior in right of payment to all of the Company’s future subordinated debt. The Notes will be effectively subordinated to all of the Company’s existing and future secured debt to the extent of the value of the collateral securing such indebtedness. The Notes are jointly and severally, fully and unconditionally, guaranteed by the Guarantors. The indentures governing the Notes provide that the guarantees of the Notes will be released under certain circumstances, including: • in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary (as defined in the indentures governing the Notes) of the Company; • in connection with any sale or other disposition of the capital stock of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, such that, immediately after giving effect to such transaction, such Guarantor would no longer constitute a subsidiary of the Company; • if the Company designates any Restricted Subsidiary that is a Guarantor to be an unrestricted subsidiary in accordance with the indentures governing the Notes; • upon legal defeasance or satisfaction and discharge of the indentures governing the Notes; or • if such Guarantor ceases to guarantee any other indebtedness of the Company or a Guarantor under a credit facility, provided no Event of Default (as defined in the indentures governing the Notes) has occurred and is continuing. The indentures governing the Notes restrict the Company’s ability and the ability of its restricted subsidiaries to: (i) incur or guarantee additional debt or issue certain types of preferred stock; (ii) pay dividends on capital stock or redeem, repurchase or retire the Company’s capital stock or subordinated debt; (iii) make certain investments; (iv) incur liens; (v) enter into transactions with affiliates; (vi) merge or consolidate with another company; (vii) transfer and sell assets; and (viii) create unrestricted subsidiaries. These covenants are subject to a number of important exceptions and qualifications. If at any time when the Notes are rated investment grade by both Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services and no default (as defined in the indentures governing the Notes) has occurred and is continuing, many of such covenants will terminate and the Company and its restricted subsidiaries will cease to be subject to such covenants. The indentures governing the Notes contain customary events of default, including: • default in any payment of interest on any Note when due, continued for 30 days; • default in the payment of principal of or premium, if any, on any Note when due; • failure by the Company to comply with its other obligations under the indentures governing the Notes, in certain cases subject to notice and grace periods; • payment defaults and accelerations with respect to other indebtedness of the Company and its Restricted Subsidiaries (as defined in the indentures governing the Notes) in the aggregate principal amount of $25.0 million or more; • certain events of bankruptcy, insolvency or reorganization of the Company or a Significant Subsidiary (as defined in the indentures governing the Notes) or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary; • failure by the Company or Restricted Subsidiary to pay certain final judgments aggregating in excess of $25.0 million within 60 days; and • any guarantee of the Notes by a Guarantor ceases to be in full force and effect, is declared null and void in a judicial proceeding or is denied or disaffirmed by its maker. Senior Secured Revolving Credit Facility (c) In April 2013, the Company entered into a Senior Secured Revolving Credit Facility (the “Senior Secured Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders. As of June 30, 2015 , the borrowing base under the Third Amended and Restated Credit Agreement (as amended, the “Amended Credit Agreement”) governing the Senior Secured Revolving Credit Facility was $650.0 million and the sublimit for letters of credit was $175.0 million . The Company had zero borrowings outstanding and $105.0 million in letters of credit outstanding under its Amended Credit Agreement as of June 30, 2015 , resulting in availability of $545.0 million . The next redetermination of the borrowing base is scheduled for October 2015. The maturity date of the Senior Secured Revolving Credit Facility is January 29, 2019. Eurodollar loans under the Senior Secured Revolving Credit Facility bear interest at a rate per annum equal to LIBOR plus an applicable margin ranging from 150 to 250 basis points, depending on the percentage of borrowing base utilized. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 50 to 150 basis points, depending on the percentage of borrowing base utilized. The Amended Credit Agreement is secured by liens on at least 80% of the proved oil and gas reserves of the Company and its subsidiaries (other than any subsidiary that is designated as an unrestricted subsidiary, including Rice Midstream Holdings and its subsidiaries), as well as significant unproved acreage and substantially all of the personal property of the Company and such restricted subsidiaries, and the Company’s obligations under the Amended Credit Agreement are guaranteed by such restricted subsidiaries. The Amended Credit Agreement contains restrictive covenants that limit the ability of the Company and its restricted subsidiaries to, among other things: • incur additional indebtedness; • sell assets; • make loans to others; • make investments; • enter into mergers; • make or declare dividends; • hedge future production or interest rates; • incur liens; and • engage in certain other transactions without the prior consent of the lenders. The Amended Credit Agreement also requires the Company to maintain certain financial ratios, which are measured at the end of each calendar quarter: • a current ratio, which is the ratio of consolidated current assets (including unused commitments under the Amended Credit Agreement and excluding non-cash derivative assets) to consolidated current liabilities (excluding current maturities under the Amended Credit Agreement and non-cash derivative liabilities), of not less than 1.0 to 1.0 ; and • a minimum interest coverage ratio, which is the ratio of consolidated EBITDAX (as such term is defined in the Amended Credit Agreement) based on the trailing 12 month period to consolidated interest expense, of not less than 2.5 to 1.0 . The Company was in compliance with such covenants and ratios effective as of June 30, 2015 . Midstream Holdings Revolving Credit Facility (d) On December 22, 2014 , Rice Midstream Holdings LLC entered into a revolving credit facility (the “Midstream Holdings Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $300.0 million and a sublimit for letters of credit of $25.0 million . As of June 30, 2015 , Rice Midstream Holdings had $97.0 million of borrowings outstanding and $0.1 million letters of credit under this facility. The credit facility is available to fund working capital requirements and capital expenditures and to purchase assets and matures on December 22, 2019 . Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, Rice Midstream Holdings may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bear interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 225 to 300 basis points, depending on the leverage ratio then in effect. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 125 to 200 basis points, depending on the leverage ratio then in effect. Rice Midstream Holdings also pays a commitment fee based on the undrawn commitment amount ranging from 37.5 to 50 basis points. The Midstream Holdings Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, Rice Midstream Holdings and its restricted subsidiaries (which do not include the Partnership, Rice Midstream Management LLC, a Delaware limited liability company and general partner of the Partnership, or the Company and its subsidiaries other than Rice Midstream Holdings). The Midstream Holdings Revolving Credit Facility limits the ability of Rice Midstream Holdings and its restricted subsidiaries to, among other things: • incur or guarantee additional debt; • redeem or repurchase units or make distributions under certain circumstances; • make certain investments and acquisitions; • incur certain liens or permit them to exist; • enter into certain types of transactions with affiliates; • merge or consolidate with another company; and • transfer, sell or otherwise dispose of assets. The Midstream Holdings Revolving Credit Facility also requires Rice Midstream Holdings to maintain the following financial ratios: • an interest coverage ratio, which is the ratio of Rice Midstream Holding’s consolidated EBITDA (as defined within the Midstream Holdings Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter; and • a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.25 to 1.0. Rice Midstream Holdings was in compliance with such covenants and ratios effective as of June 30, 2015 . RMP Revolving Credit Facility (e) On December 22, 2014 , Rice Midstream OpCo LLC, a wholly-owned subsidiary of the Partnership (“Rice Midstream OpCo”), e ntered into a revolving credit facility (the “RMP Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $450.0 million with an additional $200.0 million of commitments available under an accordion feature subject to lender approval. The RMP Revolving Credit Facility provides for a letter of credit sublimit of $50.0 million . As of June 30, 2015 , Rice Midstream OpCo had $30.0 million of borrowings outstanding and no letters of credit under this facility. The RMP Revolving Credit Facility is available to fund working capital requirements and capital expenditures, to purchase assets, to pay distributions and repurchase units and for general partnership purposes and matures on December 22, 2019 . Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, the Partnership may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bears interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 175 to 275 basis points, depending on the leverage ratio then in effect. Base rate loans bears interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 75 to 175 basis points, depending on the leverage ratio then in effect. The Partnership also pays a commitment fee based on the undrawn commitment amount ranging from 35 to 50 basis points. The RMP Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, the Partnership and its restricted subsidiaries. The RMP Revolving Credit Facility limits the ability of the Partnership and its restricted subsidiaries to, among other things: • incur or guarantee additional debt; • redeem or repurchase units or make distributions under certain circumstances; • make certain investments and acquisitions; • incur certain liens or permit them to exist; • enter into certain types of transactions with affiliates; • merge or consolidate with another company; and • transfer, sell or otherwise dispose of assets. The RMP Revolving Credit Facility also requires the Partnership to maintain the following financial ratios: • an interest coverage ratio, which is the ratio of the Partnership’s consolidated EBITDA (as defined within the RMP Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter; • a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.75 to 1.0, and after electing to issue senior unsecured notes, a consolidated total leverage ratio of not more than 5.25 to 1.0, and, in each case, with certain increases in the permitted total leverage ratio following the completion of a material acquisition; and • if the Partnership elects to issue senior unsecured notes, a consolidated senior secured leverage ratio, which is the ratio of consolidated senior secured debt to consolidated EBITDA, of not more than 3.50 to 1.0. The Partnership was in compliance with such covenants and ratios effective as of June 30, 2015 .
Schedule of Maturities of Long-term Debt	Expected aggregate maturities of the notes payable as of June 30, 2015 are as follows (in thousands) : Remainder of Year Ending December 31, 2015 $ — Year Ending December 31, 2016 — Year Ending December 31, 2017 — Year Ending December 31, 2018 — Year Ending December 31, 2019 and Beyond 1,424,033 Total $ 1,424,033

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	As of June 30, 2015 , the Company has entered into derivative instruments with various financial institutions, fixing the price it receives for a portion of its natural gas through December 31, 2022 , as summarized in the following table: Swap Contract Expiration MMBtu/day Weighted Year ending December 31, 2015: NYMEX 194,000 $ 4.07 TCO 41,000 $ 3.30 Dominion South 71,000 $ 2.49 Year ending December 31, 2016: NYMEX 295,000 $ 3.90 Dominion South 31,000 $ 2.62 Year ending December 31, 2017: NYMEX 80,000 $ 4.01 Collar Contract Expiration MMBtu/day Floor/Ceiling Year ending December 31, 2015: NYMEX 158,000 $3.96/$4.65 Year ending December 31, 2016: NYMEX 40,000 $2.89/$3.68 Year ending December 31, 2017: NYMEX 180,000 $3.11/$3.64 Year ending December 31, 2018: 160,000 $3.20/$3.70 NYMEX Basis Contract Expiration MMBtu/day Swap ($/MMBtu) Year ending December 31, 2015: TCO 33,000 $ (0.42 ) Dominion South 16,000 $ (1.12 ) M2 20,000 $ (0.94 ) TETCO ELA 30,000 $ (0.13 ) MichCon 1,000 $ (0.04 ) Year ending December 31, 2016: TCO 17,000 $ (0.42 ) Dominion South 45,000 $ (1.10 ) M2 40,000 $ (1.08 ) TETCO ELA 10,000 $ (0.12 ) MichCon 4,000 $ (0.04 ) Chicago 20,000 $ (0.04 ) ANR SE 15,000 $ (0.13 ) Year ending December 31, 2017: Dominion South 20,000 $ (0.96 ) MichCon 4,000 $ (0.04 ) Year ending December 31, 2018: Dominion South 65,000 $ (0.69 ) MichCon 4,000 $ (0.04 ) Year ending December 31, 2019: Dominion South 60,000 $ (0.61 ) MichCon 20,000 $ (0.12 )
Offsetting Assets	The following tables present the gross amounts of recognized derivative assets and liabilities, the amounts offset under netting arrangements with counterparties and the resulting net amounts presented in the condensed consolidated balance sheets for the periods presented, all at fair value (refer to Note 5 for derivative instruments at fair value): As of June 30, 2015 (in thousands) Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross Derivative instruments subject to master netting arrangements Derivative instruments, net Derivative assets $ 245,141 $ (61,132 ) $ 184,009 As of December 31, 2014 (in thousands) Derivative instruments, recorded in the Condensed Consolidated Balance Sheet, gross Derivative instruments subject to master netting arrangements Derivative instruments, net Derivative assets $ 201,775 $ (5,553 ) $ 196,222

Fair Value of Financial Instr27

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The following assets and liabilities were measured at fair value on a recurring basis during the period (refer to Note 4 for details relating to derivative instruments): As of June 30, 2015 Fair Value Measurements at Reporting Date Using (in thousands) Carrying Value Total Fair Value Quoted Prices in Significant Other Significant Assets: Derivative instruments, at fair value $ 184,009 $ 184,009 $ — $ 184,009 $ — Total assets $ 184,009 $ 184,009 $ — $ 184,009 $ — As of December 31, 2014 Fair Value Measurements at Reporting Date Using (in thousands) Carrying Value Total Fair Value Quoted Prices in Significant Other Significant Assets: Derivative instruments, at fair value $ 196,222 $ 196,222 $ — $ 196,222 $ — Total assets $ 196,222 $ 196,222 $ — $ 196,222 $ —
Fair Value, by Balance Sheet Grouping	The estimated fair value and carrying amount of long-term debt as reported on the condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014 is shown in the table below (refer to Note 3 for details relating to the debt instruments). The fair value was estimated using Level 2 inputs based on rates reflective of the remaining maturity as well as the Company’s financial position. As of June 30, 2015 As of December 31, 2014 Long-Term Debt (in thousands) Carrying Value Fair Value Carrying Value Fair Value Senior Notes Due 2022 $ 900,000 $ 893,250 $ 900,000 $ 839,250 Senior Notes Due 2023 397,033 410,000 — — Senior Secured Revolving Credit Facility — — — — Midstream Holdings Revolving Credit Facility 97,000 97,000 — — RMP Revolving Credit Facility 30,000 30,000 — — Other — — 680 680 Total $ 1,424,033 $ 1,430,250 $ 900,680 $ 839,930

Financial Information by Busi28

Financial Information by Business Segment (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The operating results and assets of the Company’s reportable segments were as follows as of and for the three months ended June 30, 2015 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 100,890 $ — $ — $ 100,890 Firm transportation sales, net 438 — — 438 Gathering, compression and water distribution — 34,812 (23,246 ) 11,566 Total operating revenues $ 101,328 $ 34,812 $ (23,246 ) $ 112,894 Operating expenses: Lease operating 11,090 — — 11,090 Gathering, compression and transportation 32,691 — (15,849 ) 16,842 Production taxes and impact fees 1,694 — — 1,694 Exploration 356 — — 356 Midstream operation and maintenance — 2,801 — 2,801 Incentive unit expense 21,885 1,214 — 23,099 Stock compensation expense 3,011 1,201 — 4,212 General and administrative 16,115 4,310 — 20,425 Depreciation, depletion and amortization 73,342 3,330 (532 ) 76,140 Amortization of intangible assets — 408 — 408 Other expense 1,159 839 — 1,998 Total operating expenses $ 161,343 $ 14,103 $ (16,381 ) $ 159,065 Operating (loss) income $ (60,015 ) $ 20,709 $ (6,865 ) $ (46,171 ) Capital expenditures for segment assets $ 211,925 $ 93,330 $ (6,866 ) $ 298,389 The operating results and assets of the Company’s reportable segments were as follows for the three months ended June 30, 2014 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 88,524 $ — $ — $ 88,524 Firm transportation sales, net 2,113 — — 2,113 Gathering, compression and water distribution — 1,393 (90 ) 1,303 Total operating revenues $ 90,637 $ 1,393 $ (90 ) $ 91,940 Operating expenses: Lease operating 6,667 — — 6,667 Gathering, compression and transportation 8,104 — (90 ) 8,014 Production taxes and impact fees 871 — — 871 Exploration 473 — — 473 Midstream operation and maintenance — 1,162 — 1,162 Incentive unit expense 2,462 (988 ) — 1,474 Stock compensation expense 994 131 — 1,125 General and administrative 9,430 5,415 — 14,845 Depreciation, depletion and amortization 31,397 1,155 — 32,552 Amortization of intangible assets — 340 — 340 Total operating expenses $ 60,398 $ 7,215 $ (90 ) $ 67,523 Operating income (loss) $ 30,239 $ (5,822 ) $ — $ 24,417 Capital expenditures for segment assets $ 229,015 $ 32,847 $ — $ 261,862 The operating results and assets of the Company’s reportable segments were as follows as of and for the six months ended June 30, 2015 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 197,802 $ — $ — $ 197,802 Firm transportation sales, net 3,264 — — 3,264 Gathering, compression and water distribution — 64,259 (42,892 ) 21,367 Total operating revenues $ 201,066 $ 64,259 $ (42,892 ) $ 222,433 Operating expenses: Lease operating 22,681 — — 22,681 Gathering, compression and transportation 60,367 — (29,105 ) 31,262 Production taxes and impact fees 3,148 — — 3,148 Exploration 1,095 — — 1,095 Midstream operation and maintenance — 6,132 — 6,132 Incentive unit expense 44,383 2,174 — 46,557 Stock compensation expense 5,231 2,236 — 7,467 General and administrative 29,414 8,500 — 37,914 Depreciation, depletion and amortization 132,256 6,997 (532 ) 138,721 Amortization of intangible assets — 816 — 816 Other expense 3,050 839 — 3,889 Total operating expenses $ 301,625 $ 27,694 $ (29,637 ) $ 299,682 Operating (loss) income $ (100,559 ) $ 36,565 $ (13,255 ) $ (77,249 ) Capital expenditures for segment assets $ 452,642 $ 183,942 $ (13,787 ) $ 622,797 The operating results and assets of the Company’s reportable segments were as follows for the six months ended June 30, 2014 : (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Operating revenues: Natural gas, oil and NGL sales $ 178,990 $ — $ — $ 178,990 Firm transportation sales, net 2,113 — — 2,113 Gathering, compression and water distribution — 1,459 (145 ) 1,314 Total operating revenues $ 181,103 $ 1,459 $ (145 ) $ 182,417 Operating expenses: Lease operating 11,853 — — 11,853 Gathering, compression and transportation 14,616 — (145 ) 14,471 Production taxes and impact fees 1,510 — — 1,510 Exploration 959 — — 959 Midstream operation and maintenance — 1,835 — 1,835 Incentive unit expense 70,564 4,712 — 75,276 Stock compensation expense 1,085 131 — 1,216 General and administrative 18,998 7,277 — 26,275 Depreciation, depletion and amortization 56,461 1,598 — 58,059 Amortization of intangible assets — 340 — 340 Total operating expenses $ 176,046 $ 15,893 $ (145 ) $ 191,794 Operating income (loss) $ 5,057 $ (14,434 ) $ — $ (9,377 ) Capital expenditures for segment assets $ 394,293 $ 47,357 $ — $ 441,650
Reconciliation of Assets from Segment to Consolidated	As of June 30, 2015: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 3,215,138 $ 829,855 $ (13,787 ) $ 4,031,206 Goodwill $ 294,908 $ 39,142 $ — $ 334,050 As of December 31, 2014: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 2,935,814 $ 592,135 $ — $ 3,527,949 Goodwill $ 294,908 $ 39,142 $ — $ 334,050
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated	As of June 30, 2015: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 3,215,138 $ 829,855 $ (13,787 ) $ 4,031,206 Goodwill $ 294,908 $ 39,142 $ — $ 334,050 As of December 31, 2014: (in thousands) Exploration and Production Midstream Elimination of Intersegment Transactions Consolidated Total Segment assets $ 2,935,814 $ 592,135 $ — $ 3,527,949 Goodwill $ 294,908 $ 39,142 $ — $ 334,050

Incentive Units (Tables)

Incentive Units (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Deferred Compensation Arrangement with Individual, Share-based Payments	Three tranches of the incentive units have a time vesting feature. A roll forward of those units from December 31, 2014 to June 30, 2015 is included below. Vested Units Balance, December 31, 2014 1,800,911 Vested During Period 559,590 Forfeited During Period — Granted During Period — Canceled During Period — Vested Units Balance, June 30, 2015 2,360,501
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	The fair value of the incentive units was estimated using a Monte Carlo simulation valuation model with the following assumptions: Rice Holdings Valuation Date 1/29/2014 Dividend Yield 0.00 % Expected Volatility 47.00 % Risk-Free Rate 1.11 % Expected Life (Years) 4.0 Rice Holdings Valuation Date 4/14/2014 Dividend Yield 0.00 % Expected Volatility 45.19 % Risk-Free Rate 1.13 % Expected Life (Years) 3.8 Rice Holdings Valuation Date 4/16/2014 Dividend Yield 0.00 % Expected Volatility 44.32 % Risk-Free Rate 1.18 % Expected Life (Years) 3.8 NGP Holdings Valuation Date 6/30/2015 Dividend Yield 0.00 % Expected Volatility 47.29 % Risk-Free Rate 0.37 % Expected Life (Years) 1.25

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following is a calculation of the basic and diluted weighted-average number of shares of common stock outstanding and EPS for the three and six months ended June 30, 2015 and 2014 . As indicated in Note 1, the Company’s corporate reorganization was considered a transaction amongst entities under common control. Therefore, the weighted average shares used in the Company’s EPS calculation assume that the Rice Energy Inc. corporate structure was in place for all periods presented. Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share data) 2015 2014 2015 2014 Income (numerator): Net (loss) income $ (69,683 ) $ (7,917 ) $ (69,530 ) $ 121,538 Weighted-average number of shares of common stock (denominator): Basic 136,315,882 128,419,606 136,303,914 121,925,915 Diluted 136,315,882 128,419,606 136,303,914 122,255,908 Earnings (loss) per share: Basic $ (0.51 ) $ (0.06 ) $ (0.51 ) $ 1.00 Diluted $ (0.51 ) $ (0.06 ) $ (0.51 ) $ 0.99

Guarantor Subsidiaries Financ31

Guarantor Subsidiaries Financial Information (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidated Balance Sheet	Condensed Consolidated Balance Sheet as of June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current assets: Cash $ 162,358 $ 88,732 $ 5,586 $ — $ 256,676 Accounts receivable 322 227,853 17,253 — 245,428 Receivable from affiliates 37,082 — 26,424 (63,414 ) 92 Prepaid expenses and other assets 3,218 2,391 657 — 6,266 Derivative assets 36,668 91,834 — — 128,502 Total current assets 239,648 410,810 49,920 (63,414 ) 636,964 Investments in subsidiaries 2,496,157 118,094 — (2,614,251 ) — Gas collateral account — 3,995 — — 3,995 Property, plant and equipment, net 10,193 2,236,277 689,279 (13,255 ) 2,922,494 Deferred financing costs, net 26,681 — 4,539 — 31,220 Goodwill — 294,908 39,142 — 334,050 Intangible assets, net — — 46,976 — 46,976 Derivative assets 7,900 47,607 — — 55,507 Total assets $ 2,780,579 $ 3,111,691 $ 829,856 $ (2,690,920 ) $ 4,031,206 Liabilities and stockholders’ equity Current liabilities: Accounts payable 1,962 64,535 43,878 — 110,375 Royalties payables — 52,620 — — 52,620 Accrued capital expenditures — 77,729 53,448 — 131,177 Accrued interest 17,108 — 140 — 17,248 Leasehold payables — 14,496 — — 14,496 Deferred tax liabilities 11,393 40,412 — — 51,805 Payable to affiliate — 63,414 — (63,414 ) — Other accrued liabilities 9,827 33,033 1,812 — 44,672 Total current liabilities 40,290 346,239 99,278 (63,414 ) 422,393 Long-term liabilities: Long-term debt 1,297,033 — 127,000 — 1,424,033 Leasehold payable — 5,043 — — 5,043 Deferred tax liabilities (65,496 ) 255,239 20,895 — 210,638 Other long-term liabilities 3,091 9,013 2,794 — 14,898 Total liabilities 1,274,918 615,534 249,967 (63,414 ) 2,077,005 Stockholders’ equity before noncontrolling interest 1,505,661 2,496,157 130,893 (2,627,506 ) 1,505,205 Noncontrolling interest — — 448,996 — 448,996 Total liabilities and stockholders’ equity $ 2,780,579 $ 3,111,691 $ 829,856 $ (2,690,920 ) $ 4,031,206 Condensed Consolidated Balance Sheet as of December 31, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Assets Current assets: Cash $ 181,835 $ 41,934 $ 32,361 $ — $ 256,130 Accounts receivable 1,773 196,974 1,153 — 199,900 Receivable from affiliates 634 55 2,198 (2,799 ) 88 Prepaid expenses and other assets 1,296 1,702 341 — 3,339 Derivative assets 47,291 85,743 — — 133,034 Total current assets 232,829 326,408 36,053 (2,799 ) 592,491 Investments in subsidiaries 2,177,895 86,148 — (2,264,043 ) — Gas collateral account — 3,995 — — 3,995 Property, plant and equipment, net 10,348 1,986,856 464,127 — 2,461,331 Deferred financing costs, net 20,081 — 5,022 — 25,103 Goodwill — 294,908 39,142 — 334,050 Intangible assets, net — — 47,791 — 47,791 Other non-current assets 8,290 54,898 — — 63,188 Total assets $ 2,449,443 $ 2,753,213 $ 592,135 $ (2,266,842 ) $ 3,527,949 Liabilities and stockholders’ equity Current liabilities: Current portion of long-term debt $ — $ 680 $ — $ — $ 680 Accounts payable 19,231 101,132 31,966 — 152,329 Royalties payables — 37,172 — — 37,172 Accrued capital expenditures 1,515 89,858 16,917 — 108,290 Accrued interest 9,375 — — — 9,375 Leasehold payables — 30,702 — — 30,702 Deferred tax liabilities 54,688 39,197 — (39,197 ) 54,688 Other accrued liabilities 16,652 27,502 2,086 (2,801 ) 43,439 Total current liabilities 101,461 326,243 50,969 (41,998 ) 436,675 Long-term liabilities: Long-term debt 900,000 — — — 900,000 Deferred tax liabilities 12,497 237,155 10,660 (51,094 ) 209,218 Leasehold payable — 4,279 — — 4,279 Other long-term liabilities 3,068 7,641 1,900 — 12,609 Total liabilities 1,017,026 575,318 63,529 (93,092 ) 1,562,781 Stockholders’ equity before noncontrolling interest 1,432,417 2,177,895 86,148 (2,173,750 ) 1,522,710 Noncontrolling interest — — 442,458 — 442,458 Total liabilities and stockholders’ equity $ 2,449,443 $ 2,753,213 $ 592,135 $ (2,266,842 ) $ 3,527,949
Condensed Consolidated Statement of Operations	Condensed Consolidated Statement of Operations for the Three Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 100,890 $ — $ — $ 100,890 Firm transportation sales, net — 438 — — 438 Gathering, compression and water distribution — — 34,812 (23,246 ) 11,566 Total operating revenues — 101,328 34,812 (23,246 ) 112,894 Operating expenses: Lease operating — 11,090 — — 11,090 Gathering, compression and transportation — 32,691 — (15,849 ) 16,842 Production taxes and impact fees — 1,694 — — 1,694 Exploration — 212 144 — 356 Midstream operation and maintenance — — 2,801 — 2,801 Incentive unit expense — 21,885 1,214 — 23,099 Stock compensation expense — 3,011 1,201 — 4,212 General and administrative — 16,116 4,309 — 20,425 Depreciation, depletion and amortization — 73,119 3,553 (532 ) 76,140 Amortization of intangible assets — — 408 — 408 Other expense — 1,159 839 — 1,998 Total operating expenses — 160,977 14,469 (16,381 ) 159,065 Operating (loss) income — (59,649 ) 20,343 (6,865 ) (46,171 ) Interest expense (22,381 ) (18 ) (960 ) — (23,359 ) Other income 261 774 — — 1,035 (Loss) gain on derivative instruments (4,866 ) 1,156 — — (3,710 ) Amortization of deferred financing costs (1,054 ) — (252 ) — (1,306 ) Equity income (loss) in affiliate (62,845 ) 912 — 61,933 — Income (loss) before income taxes (90,885 ) (56,825 ) 19,131 55,068 (73,511 ) Income tax (expense) benefit 9,992 (6,020 ) (5,189 ) 11,209 9,992 Net income (loss) (80,893 ) (62,845 ) 13,942 66,277 (63,519 ) Less: Net loss attributable to the noncontrolling interests — — (6,164 ) — (6,164 ) Net income (loss) attributable to Rice Energy $ (80,893 ) $ (62,845 ) $ 7,778 $ 66,277 $ (69,683 ) Condensed Consolidated Statement of Operations for the Three Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 88,524 $ — $ — $ 88,524 Firm transportation sales, net — 2,113 — — 2,113 Gathering, compression and water distribution — — 1,448 (145 ) 1,303 Total operating revenues — 90,637 1,448 (145 ) 91,940 Operating expenses: Lease operating — 6,667 — — 6,667 Gathering, compression and transportation — 8,159 — (145 ) 8,014 Production taxes and impact fees — 871 — — 871 Exploration — 473 — — 473 Midstream operation and maintenance — 126 1,036 — 1,162 Incentive unit expense — 2,387 (913 ) — 1,474 Stock compensation expense — 994 131 — 1,125 General and administrative — 8,106 6,739 — 14,845 Depreciation, depletion and amortization — 31,157 1,395 — 32,552 Amortization of intangible assets — — 340 — 340 Total operating expenses — 58,940 8,728 (145 ) 67,523 Operating loss — 31,697 (7,280 ) — 24,417 Interest expense (10,252 ) (5,689 ) — — (15,941 ) Other income (expense) 19 (226 ) 12 — (195 ) Loss on derivative instruments — (11,198 ) — — (11,198 ) Amortization of deferred financing costs (532 ) — — — (532 ) Loss on extinguishment of debt — (3,001 ) — — (3,001 ) Write-off of deferred financing costs — (6,060 ) — — (6,060 ) Equity in income (loss) of affiliate 3,629 1,610 — (5,239 ) — Income (loss) before income taxes (7,136 ) 7,133 (7,268 ) (5,239 ) (12,510 ) Income tax (expense) benefit 4,593 (3,504 ) 8,878 (5,374 ) 4,593 Net income (loss) (2,543 ) 3,629 1,610 (10,613 ) (7,917 ) Less: Net income attributable to the noncontrolling interests — — — — — Net income (loss) attributable to Rice Energy $ (2,543 ) $ 3,629 $ 1,610 $ (10,613 ) $ (7,917 ) Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 197,802 $ — $ — $ 197,802 Firm transportation sales, net — 3,264 — — 3,264 Gathering, compression and water distribution — — 64,259 (42,892 ) 21,367 Total operating revenues — 201,066 64,259 (42,892 ) 222,433 Operating expenses: Lease operating — 22,681 — — 22,681 Gathering, compression and transportation — 60,367 — (29,105 ) 31,262 Production taxes and impact fees — 3,148 — — 3,148 Exploration — 951 144 — 1,095 Midstream operation and maintenance — — 6,132 — 6,132 Incentive unit expense — 44,383 2,174 — 46,557 Stock compensation expense — 5,231 2,236 — 7,467 General and administrative — 29,414 8,500 — 37,914 Depreciation, depletion and amortization — 132,256 6,997 (532 ) 138,721 Amortization of intangible assets — — 816 — 816 Other expense — 3,050 839 — 3,889 Total operating expenses — 301,481 27,838 (29,637 ) 299,682 Operating (loss) income — (100,415 ) 36,421 (13,255 ) (77,249 ) Interest expense (37,806 ) (50 ) (1,632 ) — (39,488 ) Other income 355 832 9 — 1,196 Gain on derivative instruments 9,099 48,558 — — 57,657 Amortization of deferred financing costs (1,906 ) — (503 ) — (2,409 ) Equity income (loss) in affiliate (69,570 ) 60 — 69,510 — Income (loss) before income taxes (99,828 ) (51,015 ) 34,295 56,255 (60,293 ) Income tax (expense) benefit 1,462 (18,555 ) (10,279 ) 28,834 1,462 Net income (loss) (98,366 ) (69,570 ) 24,016 85,089 (58,831 ) Less: Net loss attributable to the noncontrolling interests — — (10,699 ) — (10,699 ) Net income (loss) attributable to Rice Energy $ (98,366 ) $ (69,570 ) $ 13,317 $ 85,089 $ (69,530 ) Condensed Consolidated Statement of Operations for the Six Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Operating revenues: Natural gas, oil and NGL sales $ — $ 178,990 $ — $ — $ 178,990 Firm transportation sales, net — 2,113 — — 2,113 Gathering, compression and water distribution — — 1,459 (145 ) 1,314 Total operating revenues — 181,103 1,459 (145 ) 182,417 Operating expenses: Lease operating — 11,853 — — 11,853 Gathering, compression and transportation — 14,616 — (145 ) 14,471 Production taxes and impact fees — 1,510 — — 1,510 Exploration — 959 — — 959 Midstream operation and maintenance — 515 1,320 — 1,835 Incentive unit expense — 70,564 4,712 — 75,276 Stock compensation expense — 1,085 131 — 1,216 General and administrative — 18,998 7,277 — 26,275 Depreciation, depletion and amortization — 56,461 1,598 — 58,059 Amortization of intangible assets — — 340 — 340 Total operating expenses — 176,561 15,378 (145 ) 191,794 Operating loss — 4,542 (13,919 ) — (9,377 ) Interest expense (10,252 ) (12,731 ) — — (22,983 ) Gain on purchase of Marcellus joint venture — 203,579 — — 203,579 Other income (expense) 20 376 — — 396 Loss on derivative instruments — (31,578 ) — — (31,578 ) Amortization of deferred financing costs (532 ) (489 ) — — (1,021 ) Loss on extinguishment of debt — (3,144 ) — — (3,144 ) Write-off of deferred financing costs — (6,896 ) — — (6,896 ) Equity loss of joint ventures — (2,656 ) — — (2,656 ) Equity in income (loss) of affiliate 130,617 (7,507 ) — (123,110 ) — Income (loss) before income taxes 119,853 143,496 (13,919 ) (123,110 ) 126,320 Income tax (expense) benefit (4,782 ) (12,879 ) 6,412 6,467 (4,782 ) Net income (loss) 115,071 130,617 (7,507 ) (116,643 ) 121,538 Less: Net income attributable to the noncontrolling interests — — — — — Net income (loss) attributable to Rice Energy $ 115,071 $ 130,617 $ (7,507 ) $ (116,643 ) $ 121,538
Condensed Consolidated Statement of Cash Flows	Condensed Consolidated Statement of Cash Flows for the Six Months Ended June 30, 2015 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ (70,784 ) $ 182,183 $ 7,321 $ (13,787 ) $ 104,933 Capital expenditures for property and equipment (1,341 ) (451,301 ) (183,942 ) 13,787 (622,797 ) Proceeds from sale of interest in gas properties — 10,201 — — 10,201 Investment in subsidiaries (335,385 ) (28,973 ) — 364,358 — Net cash (used in) provided by investing activities (336,726 ) (470,073 ) (183,942 ) 378,145 (612,596 ) Proceeds from borrowings 411,932 — 127,000 — 538,932 Repayments of debt obligations (15,394 ) (697 ) — — (16,091 ) Debt issuance costs (8,505 ) — (21 ) — (8,526 ) Offering costs related to the Partnership’s IPO — — (129 ) — (129 ) Distributions to the Partnership’s public unitholders — — (5,977 ) — (5,977 ) Parent distributions, net — 335,385 28,973 (364,358 ) — Net cash provided by (used in) financing activities 388,033 334,688 149,846 (364,358 ) 508,209 Increase (decrease) in cash (19,477 ) 46,798 (26,775 ) — 546 Cash, beginning of year 181,835 41,934 32,361 — 256,130 Cash, end of period $ 162,358 $ 88,732 $ 5,586 $ — $ 256,676 Condensed Consolidated Statement of Cash Flows for the Six Months Ended June 30, 2014 (in thousands) Parent Guarantors Non-Guarantors Eliminations Consolidated Net cash provided by (used in) operating activities $ 4,798 $ 78,502 $ (8,071 ) $ — $ 75,229 Capital expenditures for property and equipment — — (394,293 ) — (47,357 ) — — (441,650 ) Investment in subsidiaries (1,083,844 ) (179,871 ) — 1,263,715 — Acquisition of Marcellus JV, net of cash acquired — (82,766 ) — — (82,766 ) Acquisition of Momentum assets — — (111,447 ) — (111,447 ) Proceeds from sale of interest in gas properties — 11,542 — — 11,542 Net cash provided by (used in) investing activities (1,083,844 ) (645,388 ) (158,804 ) 1,263,715 (624,321 ) Proceeds from borrowings 900,000 — — — 900,000 Repayments of debt obligations — (498,865 ) — — (498,865 ) Restricted cash for convertible debt — 8,268 — — 8,268 Debt issuance costs (20,726 ) 2,290 — — (18,436 ) Shares of stock in IPO, net of costs 600,244 (3,149 ) — — 597,095 Proceeds from conversion of warrants — 948 — — 948 Parent contributions, net — 1,083,844 179,871 (1,263,715 ) — Net cash provided by (used in) financing activities 1,479,518 593,336 179,871 (1,263,715 ) 989,010 Increase (decrease) in cash 400,472 26,450 12,996 — 439,918 Cash, beginning of year — 31,408 204 — 31,612 Cash, end of period $ 400,472 $ 57,858 $ 13,200 $ — $ 471,530

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2015	Dec. 22, 2014
Rice Midstream Partners LP
Subsidiary, Sale of Stock [Line Items]
Noncontrolling interest percentage	50.00%	50.00%

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 245,428	$ 199,900
Joint interest
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	142,552	125,300
Natural gas sales
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	83,631	72,206
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 19,245	$ 2,394

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt		$ 1,424,033	$ 900,680
Current portion of long-term debt		0	680
Long-term debt		1,424,033	900,000
Revolving Credit Facility | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	[1]	0	0
Revolving Credit Facility | Midstream Holdings Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	[2]	97,000	0
Revolving Credit Facility | RMP Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	[3]	30,000	0
Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt	[4]	900,000	900,000
Senior Notes | Senior Notes Due 2023
Debt Instrument [Line Items]
Total debt	[5]	397,033	0
Other
Debt Instrument [Line Items]
Total debt		$ 0	$ 680
[1]	Senior Secured Revolving Credit Facility (c)In April 2013, the Company entered into a Senior Secured Revolving Credit Facility (the “Senior Secured Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders. As of June 30, 2015, the borrowing base under the Third Amended and Restated Credit Agreement (as amended, the “Amended Credit Agreement”) governing the Senior Secured Revolving Credit Facility was $650.0 million and the sublimit for letters of credit was $175.0 million. The Company had zero borrowings outstanding and $105.0 million in letters of credit outstanding under its Amended Credit Agreement as of June 30, 2015, resulting in availability of $545.0 million. The next redetermination of the borrowing base is scheduled for October 2015. The maturity date of the Senior Secured Revolving Credit Facility is January 29, 2019. Eurodollar loans under the Senior Secured Revolving Credit Facility bear interest at a rate per annum equal to LIBOR plus an applicable margin ranging from 150 to 250 basis points, depending on the percentage of borrowing base utilized. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 50 to 150 basis points, depending on the percentage of borrowing base utilized. The Amended Credit Agreement is secured by liens on at least 80% of the proved oil and gas reserves of the Company and its subsidiaries (other than any subsidiary that is designated as an unrestricted subsidiary, including Rice Midstream Holdings and its subsidiaries), as well as significant unproved acreage and substantially all of the personal property of the Company and such restricted subsidiaries, and the Company’s obligations under the Amended Credit Agreement are guaranteed by such restricted subsidiaries. The Amended Credit Agreement contains restrictive covenants that limit the ability of the Company and its restricted subsidiaries to, among other things:•incur additional indebtedness;•sell assets;•make loans to others;•make investments;•enter into mergers;•make or declare dividends;•hedge future production or interest rates;•incur liens; and•engage in certain other transactions without the prior consent of the lenders.The Amended Credit Agreement also requires the Company to maintain certain financial ratios, which are measured at the end of each calendar quarter:•a current ratio, which is the ratio of consolidated current assets (including unused commitments under the Amended Credit Agreement and excluding non-cash derivative assets) to consolidated current liabilities (excluding current maturities under the Amended Credit Agreement and non-cash derivative liabilities), of not less than 1.0 to 1.0; and •a minimum interest coverage ratio, which is the ratio of consolidated EBITDAX (as such term is defined in the Amended Credit Agreement) based on the trailing 12 month period to consolidated interest expense, of not less than 2.5 to 1.0. The Company was in compliance with such covenants and ratios effective as of June 30, 2015.
[2]	Midstream Holdings Revolving Credit Facility (d)On December 22, 2014, Rice Midstream Holdings LLC entered into a revolving credit facility (the “Midstream Holdings Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $300.0 million and a sublimit for letters of credit of $25.0 million. As of June 30, 2015, Rice Midstream Holdings had $97.0 million of borrowings outstanding and $0.1 million letters of credit under this facility. The credit facility is available to fund working capital requirements and capital expenditures and to purchase assets and matures on December 22, 2019. Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, Rice Midstream Holdings may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bear interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 225 to 300 basis points, depending on the leverage ratio then in effect. Base rate loans bear interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 125 to 200 basis points, depending on the leverage ratio then in effect. Rice Midstream Holdings also pays a commitment fee based on the undrawn commitment amount ranging from 37.5 to 50 basis points. The Midstream Holdings Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, Rice Midstream Holdings and its restricted subsidiaries (which do not include the Partnership, Rice Midstream Management LLC, a Delaware limited liability company and general partner of the Partnership, or the Company and its subsidiaries other than Rice Midstream Holdings). The Midstream Holdings Revolving Credit Facility limits the ability of Rice Midstream Holdings and its restricted subsidiaries to, among other things: •incur or guarantee additional debt; •redeem or repurchase units or make distributions under certain circumstances; •make certain investments and acquisitions; •incur certain liens or permit them to exist; •enter into certain types of transactions with affiliates; •merge or consolidate with another company; and •transfer, sell or otherwise dispose of assets. The Midstream Holdings Revolving Credit Facility also requires Rice Midstream Holdings to maintain the following financial ratios: •an interest coverage ratio, which is the ratio of Rice Midstream Holding’s consolidated EBITDA (as defined within the Midstream Holdings Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter; and•a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.25 to 1.0. Rice Midstream Holdings was in compliance with such covenants and ratios effective as of June 30, 2015.
[3]	RMP Revolving Credit Facility (e)On December 22, 2014, Rice Midstream OpCo LLC, a wholly-owned subsidiary of the Partnership (“Rice Midstream OpCo”), entered into a revolving credit facility (the “RMP Revolving Credit Facility”) with Wells Fargo Bank, N.A., as administrative agent, and a syndicate of lenders with a maximum credit amount of $450.0 million with an additional $200.0 million of commitments available under an accordion feature subject to lender approval. The RMP Revolving Credit Facility provides for a letter of credit sublimit of $50.0 million. As of June 30, 2015, Rice Midstream OpCo had $30.0 million of borrowings outstanding and no letters of credit under this facility. The RMP Revolving Credit Facility is available to fund working capital requirements and capital expenditures, to purchase assets, to pay distributions and repurchase units and for general partnership purposes and matures on December 22, 2019. Principal amounts borrowed are payable on the maturity date, and interest is payable quarterly for base rate loans and at the end of the applicable interest period for Eurodollar loans. Under the revolving credit facility, the Partnership may elect to borrow in Eurodollars or at the base rate. Eurodollar loans bears interest at a rate per annum equal to the applicable LIBOR Rate plus an applicable margin ranging from 175 to 275 basis points, depending on the leverage ratio then in effect. Base rate loans bears interest at a rate per annum equal to the greatest of (i) the agent bank’s reference rate, (ii) the federal funds effective rate plus 50 basis points and (iii) the rate for one month Eurodollar loans plus 100 basis points, plus an applicable margin ranging from 75 to 175 basis points, depending on the leverage ratio then in effect. The Partnership also pays a commitment fee based on the undrawn commitment amount ranging from 35 to 50 basis points. The RMP Revolving Credit Facility is secured by mortgages and other security interests on substantially all of the properties of, and guarantees from, the Partnership and its restricted subsidiaries. The RMP Revolving Credit Facility limits the ability of the Partnership and its restricted subsidiaries to, among other things: •incur or guarantee additional debt; •redeem or repurchase units or make distributions under certain circumstances; •make certain investments and acquisitions; •incur certain liens or permit them to exist; •enter into certain types of transactions with affiliates; •merge or consolidate with another company; and •transfer, sell or otherwise dispose of assets. The RMP Revolving Credit Facility also requires the Partnership to maintain the following financial ratios: •an interest coverage ratio, which is the ratio of the Partnership’s consolidated EBITDA (as defined within the RMP Revolving Credit Facility) to its consolidated current interest expense of at least 2.50 to 1.0 at the end of each fiscal quarter;•a consolidated total leverage ratio, which is the ratio of consolidated debt to consolidated EBITDA, of not more than 4.75 to 1.0, and after electing to issue senior unsecured notes, a consolidated total leverage ratio of not more than 5.25 to 1.0, and, in each case, with certain increases in the permitted total leverage ratio following the completion of a material acquisition; and•if the Partnership elects to issue senior unsecured notes, a consolidated senior secured leverage ratio, which is the ratio of consolidated senior secured debt to consolidated EBITDA, of not more than 3.50 to 1.0. The Partnership was in compliance with such covenants and ratios effective as of June 30, 2015.
[4]	6.25% Senior Notes Due 2022 (a)On April 25, 2014, the Company issued $900.0 million in aggregate principal amount of 6.25% senior notes due 2022 (the “2022 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), which resulted in net proceeds of $882.7 million, after deducting expenses and the initial purchasers’ discounts of approximately $17.3 million. The 2022 Notes will mature on May 1, 2022, and interest is payable on the 2022 Notes on each May 1 and November 1. At any time prior to May 1, 2017, the Company may redeem up to 35% of the 2022 Notes at a redemption price of 106.25% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2022 Notes remains outstanding after such redemption. Prior to May 1, 2017, the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2022 Notes), unless the Company has given notice to redeem the 2022 Notes, the holders of the 2022 Notes will have the right to require the Company to repurchase all or a portion of the 2022 Notes at a price equal to 101% of the aggregate principal amount of the 2022 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2017, the Company may redeem some or all of the 2022 Notes at redemption prices (expressed as percentages of principal amount) equal to 104.688% for the twelve-month period beginning on May 1, 2017, 103.125% for the twelve-month period beginning May 1, 2018, 101.563% for the twelve-month period beginning on May 1, 2019 and 100.000% beginning on May 1, 2020, plus accrued and unpaid interest to the redemption date.
[5]	Senior Notes Due 2023 (b)On March 26, 2015, the Company issued $400.0 million in aggregate principal amount of 7.25% senior notes due 2023 (the “2023 Notes”) in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act, which resulted in net proceeds of $389.3 million, after deducting expenses and the initial purchasers’ discounts of approximately $10.7 million. The Company used a portion of the net proceeds for general corporate purposes, including capital expenditures, and intends to use the remaining net proceeds for general corporate purposes, including capital expenditures. The original issuance discount of $3.1 million related to the 2023 Notes is recorded as a reduction of the principal amount. For the three and six months ended June 30, 2015, the Company recorded $0.1 million and $0.1 million, respectively, of amortization of the debt discount as interest expense using the effective interest method and a rate of 7.345%. The 2023 Notes will mature on May 1, 2023, and interest is payable on the 2023 Notes on each May 1 and November 1, commencing on November 1, 2015. At any time prior to May 1, 2018, the Company may redeem up to 35% of the 2023 Notes at a redemption price of 107.250% of the principal amount, plus accrued and unpaid interest to the redemption date, with the proceeds of certain equity offerings so long as the redemption occurs within 180 days of completing such equity offering and at least 65% of the aggregate principal amount of the 2023 Notes remains outstanding after such redemption. Prior to May 1, 2018, the Company may redeem some or all of the notes for cash at a redemption price equal to 100% of their principal amount plus an applicable make-whole premium and accrued and unpaid interest to the redemption date. Upon the occurrence of a Change of Control (as defined in the indenture governing the 2023 Notes), unless the Company has given notice to redeem the 2023 Notes, the holders of the 2023 Notes will have the right to require the Company to repurchase all or a portion of the 2023 Notes at a price equal to 101% of the aggregate principal amount of the 2023 Notes, plus any accrued and unpaid interest to the date of purchase. On or after May 1, 2018, the Company may redeem some or all of the 2023 Notes at redemption prices (expressed as percentages of principal amount) equal to 105.438% for the twelve-month period beginning on May 1, 2017, 103.625% for the twelve-month period beginning May 1, 2019, 101.813% for the twelve-month period beginning on May 1, 2020 and 100.000% beginning on May 1, 2021, plus accrued and unpaid interest to the redemption date.In connection with the issuance and sale of the 2023 Notes, the Company and the Company’s restricted subsidiaries (the “Guarantors”) entered into a registration rights agreement with the initial purchasers, dated March 26, 2015. Pursuant to the registration rights agreement, the Company and the Guarantors have agreed to file a registration statement with the SEC so that holders of the 2023 Notes can exchange the 2023 Notes for registered notes with substantially identical terms. The Company and the Guarantors will use commercially reasonable efforts to cause the exchange to be completed within 365 days after the issuance of the 2023 Notes. The Company and the Guarantors are required to pay additional interest if they fail to comply with their obligations to register the 2023 Notes within the specified time periods. The 2022 Notes and the 2023 Notes (collectively, the “Notes”) are the Company’s senior unsecured obligations, rank equally in right of payment with all of the Company’s existing and future senior debt, and will rank senior in right of payment to all of the Company’s future subordinated debt. The Notes will be effectively subordinated to all of the Company’s existing and future secured debt to the extent of the value of the collateral securing such indebtedness.The Notes are jointly and severally, fully and unconditionally, guaranteed by the Guarantors. The indentures governing the Notes provide that the guarantees of the Notes will be released under certain circumstances, including: •in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary (as defined in the indentures governing the Notes) of the Company;•in connection with any sale or other disposition of the capital stock of that Guarantor (including by way of merger or consolidation) to a person that is not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary of the Company, such that, immediately after giving effect to such transaction, such Guarantor would no longer constitute a subsidiary of the Company;•if the Company designates any Restricted Subsidiary that is a Guarantor to be an unrestricted subsidiary in accordance with the indentures governing the Notes;•upon legal defeasance or satisfaction and discharge of the indentures governing the Notes; or•if such Guarantor ceases to guarantee any other indebtedness of the Company or a Guarantor under a credit facility, provided no Event of Default (as defined in the indentures governing the Notes) has occurred and is continuing.The indentures governing the Notes restrict the Company’s ability and the ability of its restricted subsidiaries to: (i) incur or guarantee additional debt or issue certain types of preferred stock; (ii) pay dividends on capital stock or redeem, repurchase or retire the Company’s capital stock or subordinated debt; (iii) make certain investments; (iv) incur liens; (v) enter into transactions with affiliates; (vi) merge or consolidate with another company; (vii) transfer and sell assets; and (viii) create unrestricted subsidiaries. These covenants are subject to a number of important exceptions and qualifications. If at any time when the Notes are rated investment grade by both Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services and no default (as defined in the indentures governing the Notes) has occurred and is continuing, many of such covenants will terminate and the Company and its restricted subsidiaries will cease to be subject to such covenants.The indentures governing the Notes contain customary events of default, including:•default in any payment of interest on any Note when due, continued for 30 days;•default in the payment of principal of or premium, if any, on any Note when due;•failure by the Company to comply with its other obligations under the indentures governing the Notes, in certain cases subject to notice and grace periods;•payment defaults and accelerations with respect to other indebtedness of the Company and its Restricted Subsidiaries (as defined in the indentures governing the Notes) in the aggregate principal amount of $25.0 million or more;•certain events of bankruptcy, insolvency or reorganization of the Company or a Significant Subsidiary (as defined in the indentures governing the Notes) or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary;•failure by the Company or Restricted Subsidiary to pay certain final judgments aggregating in excess of $25.0 million within 60 days; and•any guarantee of the Notes by a Guarantor ceases to be in full force and effect, is declared null and void in a judicial proceeding or is denied or disaffirmed by its maker.

Long-Term Debt (6.25% Senior No

Long-Term Debt (6.25% Senior Notes Due 2022) (Details) - USD ($)	Apr. 25, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Proceeds from borrowings		$ 538,932,000	$ 900,000,000
Underwriting discounts and commissions		$ 8,526,000	$ 18,436,000
Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Interest rate	6.25%
Aggregate principal amounts of debt offered	$ 900,000,000
Proceeds from borrowings	882,700,000
Underwriting discounts and commissions	$ 17,300,000
Prior to May 1, 2017 | Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Percentage of principal amount redeemed	35.00%
Percentage of principal amount, plus accrued and unpaid interest with proceeds of certain equity offerings	106.25%
Redemption period after completing equity offering	180 days
Percentage of aggregate principal amount of Notes outstanding after redemption	65.00%
Percentage of redemption price of principal amount plus applicable make-whole premium and accrued and unpaid interest	100.00%
Percentage that may be redeemed upon change in control	101.00%
On or after May 1, 2017 | Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Percentage of redemption price of principal amount plus applicable make-whole premium and accrued and unpaid interest	104.688%
12 month period beginning May 1, 2018 | Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Percentage of redemption price of principal amount plus applicable make-whole premium and accrued and unpaid interest	103.125%
12 month period beginning on May 1, 2019 | Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Percentage of redemption price of principal amount plus applicable make-whole premium and accrued and unpaid interest	101.563%
12 month period beginning on May 1, 2020 | Senior Notes | Senior Notes Due 2022
Debt Instrument [Line Items]
Percentage of redemption price of principal amount plus applicable make-whole premium and accrued and unpaid interest	100.00%

Long-Term Debt (7.25% Senior No

Long-Term Debt (7.25% Senior Notes Due 2023) (Details) - USD ($)	Mar. 26, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Proceeds from borrowings			$ 538,932,000	$ 900,000,000
Underwriting discounts and commissions			8,526,000	$ 18,436,000
Senior Notes
Debt Instrument [Line Items]
Period for default of interest payment	30 days
Debt covenant requirement, required payment defaults and accelerations for aggregate principal amounts in default (or more)	$ 25,000,000
Debt covenant requirement, failure to pay certain final judgments aggregate amount (in excess of)	$ 25,000,000
Debt covenant requirement, period for failure to pay final judgments	60 days
Senior Notes | Senior Notes Due 2023
Debt Instrument [Line Items]
Interest rate	7.25%
Aggregate principal amounts of debt offered	$ 400,000,000
Proceeds from borrowings	389,300,000
Underwriting discounts and commissions	10,700,000
Amount of discount	$ 3,100,000
Amortization of debt discount		$ 100,000	$ 100,000
Effective interest rate (percentage)	7.345%
Senior Notes | Senior Notes Due 2023 | Prior to May 1, 2018
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	107.25%
Redemption period after completing equity offering	180 days
Percentage of aggregate principal amount of Notes outstanding after redemption	65.00%
Percentage of principal amount redeemed	100.00%
Percentage that may be redeemed upon change in control	101.00%
Senior Notes | Senior Notes Due 2023 | Prior to May 1, 2018 | Maximum
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	35.00%
Senior Notes | Senior Notes Due 2023 | On or after May 1, 2018
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	105.438%
Senior Notes | Senior Notes Due 2023 | 12 month period beginning May 1, 2019
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	103.625%
Senior Notes | Senior Notes Due 2023 | 12 month period beginning on May 1, 2020
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	101.813%
Senior Notes | Senior Notes Due 2023 | 12 month period beginning on May 1, 2021
Debt Instrument [Line Items]
Percentage of redemption price of principal amount	100.00%

Long-Term Debt (Senior Secured

Long-Term Debt (Senior Secured Revolving Credit Facility) (Details) - Senior Secured Revolving Credit Facility	Mar. 23, 2015	Jun. 30, 2015USD ($)	Apr. 25, 2014
Revolving Credit Facility | LIBOR | Minimum
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	1.50%
Revolving Credit Facility | LIBOR | Maximum
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	2.50%
Revolving Credit Facility | Federal Funds Rate
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	0.50%
Revolving Credit Facility | Eurodollar
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	1.00%
Revolving Credit Facility | Base Rate | Minimum
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	0.50%
Revolving Credit Facility | Base Rate | Maximum
Line of Credit Facility [Line Items]
Interest rate spread (percentage)	1.50%
Revolving Credit Facility | Wells Fargo Bank, N.A.
Line of Credit Facility [Line Items]
Borrowing base after amendment		$ 650,000,000
Borrowings outstanding		0
Availability under revolving credit facility		545,000,000
Current ratio			1
Minimum interest coverage ratio			2.5
Revolving Credit Facility | Wells Fargo Bank, N.A. | Minimum
Line of Credit Facility [Line Items]
Percentage lien on proved oil and gas reserves			80.00%
Letters of Credit | Wells Fargo Bank, N.A.
Line of Credit Facility [Line Items]
Maximum credit amount		175,000,000
Borrowings outstanding		$ 105,000,000

Long-Term Debt (Midstream Holdi

Long-Term Debt (Midstream Holdings Revolving Credit Facility) (Details) - Midstream Holdings Revolving Credit Facility	Dec. 22, 2014USD ($)	Jun. 30, 2015USD ($)
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Undrawn commitment fee percentage	0.375%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Undrawn commitment fee percentage	0.50%
Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Interest rate spread (percentage)	2.25%
Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Interest rate spread (percentage)	3.00%
Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Interest rate spread (percentage)	0.50%
Revolving Credit Facility | Eurodollar
Debt Instrument [Line Items]
Interest rate spread (percentage)	1.00%
Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Interest rate spread (percentage)	1.25%
Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Interest rate spread (percentage)	2.00%
Revolving Credit Facility | Wells Fargo Bank, N.A.
Debt Instrument [Line Items]
Maximum credit amount	$ 300,000,000
Borrowings outstanding		$ 97,000,000
Minimum interest coverage ratio	2.50
Consolidated leverage ratio	4.25
Letters of Credit | Wells Fargo Bank, N.A.
Debt Instrument [Line Items]
Maximum credit amount	$ 25,000,000
Borrowings outstanding		$ 51,000

Long-Term Debt (RMP Revolving C

Long-Term Debt (RMP Revolving Credit Facility) (Details) - RMP Revolving Credit Facility	Dec. 22, 2014USD ($)	Jun. 30, 2015USD ($)
Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Interest rate spread (percentage)	0.50%
Revolving Credit Facility | Eurodollar
Debt Instrument [Line Items]
Interest rate spread (percentage)	1.00%
Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Undrawn commitment fee percentage	0.35%
Minimum | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Interest rate spread (percentage)	1.75%
Minimum | Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Interest rate spread (percentage)	0.75%
Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Undrawn commitment fee percentage	0.50%
Maximum | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Interest rate spread (percentage)	2.75%
Maximum | Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Interest rate spread (percentage)	1.75%
Wells Fargo Bank, N.A. | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum credit amount	$ 450,000,000
Additional commitments under accordion feature	$ 200,000,000
Borrowings outstanding		$ 30,000,000
Minimum interest coverage ratio	2.50
Consolidated leverage ratio	4.75
Consolidated leverage ratio including senior unsecured notes	5.25
Wells Fargo Bank, N.A. | Letters of Credit
Debt Instrument [Line Items]
Maximum credit amount	$ 50,000,000
Borrowings outstanding		$ 0
Wells Fargo Bank, N.A. | Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Consolidated senior secured leverage ratio	3.50

Long-Term Debt (Schedule of Exp

Long-Term Debt (Schedule of Expected Maturities of Notes Payable) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Debt Disclosure [Abstract]
Remainder of Year Ending December 31, 2015	$ 0		$ 0
Year Ending December 31, 2016	0		0
Year Ending December 31, 2017	0		0
Year Ending December 31, 2018	0		0
Year Ending December 31, 2019 and Beyond	1,424,033		1,424,033
Total debt	1,424,033		1,424,033		$ 900,680
Interest paid in cash	$ 28,400	$ 1,800	$ 28,500	$ 8,800

Derivative Instruments (Summary

Derivative Instruments (Summary of Derivative Instruments) (Details) - Jun. 30, 2015 - Not Designated as Hedging Instrument - Natural Gas	MMBTU$ / MMBTU
Swap Commodity Contract NYMEX 2015
Derivative [Line Items]
MMBtu/day | MMBTU	194,000
Weighted Average Price	4.07
Swap Commodity Contract TCO 2015
Derivative [Line Items]
MMBtu/day | MMBTU	41,000
Weighted Average Price	3.30
Swap Commodity Contract Dominion South 2015
Derivative [Line Items]
MMBtu/day | MMBTU	71,000
Weighted Average Price	2.49
Swap Commodity Contract NYMEX 2016
Derivative [Line Items]
MMBtu/day | MMBTU	295,000
Weighted Average Price	3.90
Swap Commodity Contract Dominion South 2016
Derivative [Line Items]
MMBtu/day | MMBTU	31,000
Weighted Average Price	2.62
Swap Commodity Contract NYMEX 2017
Derivative [Line Items]
MMBtu/day | MMBTU	80,000
Weighted Average Price	4.01
Collar Commodity Contract NYMEX 2015
Derivative [Line Items]
MMBtu/day | MMBTU	158,000
Floor	3.960
Ceiling	4.65
Collar Commodity Contract NYMEX 2016
Derivative [Line Items]
MMBtu/day | MMBTU	40,000
Floor	2.89
Ceiling	3.68
Collar Commodity Contract NYMEX 2017
Derivative [Line Items]
MMBtu/day | MMBTU	180,000
Floor	3.11
Ceiling	3.64
Collar Commodity Contract NYMEX 2018
Derivative [Line Items]
MMBtu/day | MMBTU	160,000
Floor	3.2
Ceiling	3.7
Basis Commodity Contract TCO 2015
Derivative [Line Items]
MMBtu/day | MMBTU	33,000
Weighted Average Price	(0.42)
Basis Commodity Contract Dominion South 2015
Derivative [Line Items]
MMBtu/day | MMBTU	16,000
Weighted Average Price	(1.12)
Basis Commodity Contract M2 2015
Derivative [Line Items]
MMBtu/day | MMBTU	20,000
Weighted Average Price	(0.94)
Basis Commodity Contract TETCO ELA 2015
Derivative [Line Items]
MMBtu/day | MMBTU	30,000
Weighted Average Price	(0.13)
Basis Commodity Contract MichCon 2015
Derivative [Line Items]
MMBtu/day | MMBTU	1,000
Weighted Average Price	(0.04)
Basis Commodity Contract TCO 2016
Derivative [Line Items]
MMBtu/day | MMBTU	17,000
Weighted Average Price	(0.42)
Basis Commodity Contract Dominion South 2016
Derivative [Line Items]
MMBtu/day | MMBTU	45,000
Weighted Average Price	(1.10)
Basis Commodity Contract M2 2016
Derivative [Line Items]
MMBtu/day | MMBTU	40,000
Weighted Average Price	(1.08)
Basis Commodity Contract TETCO ELA
Derivative [Line Items]
MMBtu/day | MMBTU	10,000
Weighted Average Price	(0.12)
Basis Commodity Contract MichCon 2016
Derivative [Line Items]
MMBtu/day | MMBTU	4,000
Weighted Average Price	(0.04)
Basis Commodity Contract Chicago 2016
Derivative [Line Items]
MMBtu/day | MMBTU	20,000
Weighted Average Price	(0.04)
Basis Commodity Contract ANR SE 2016
Derivative [Line Items]
MMBtu/day | MMBTU	15,000
Weighted Average Price	(0.13)
Basis Commodity Contract Dominion South 2017
Derivative [Line Items]
MMBtu/day | MMBTU	20,000
Weighted Average Price	(0.96)
Basis Commodity Contract MichCon 2017
Derivative [Line Items]
MMBtu/day | MMBTU	4,000
Weighted Average Price	(0.04)
Basis Commodity Contract Dominion South 2018
Derivative [Line Items]
MMBtu/day | MMBTU	65,000
Weighted Average Price	(0.69)
Basis Commodity Contract MichCon 2018
Derivative [Line Items]
MMBtu/day | MMBTU	4,000
Weighted Average Price	(0.04)
Basis Commodity Contract Dominion South 2019
Derivative [Line Items]
MMBtu/day | MMBTU	60,000
Weighted Average Price	(0.61)
Basis Commodity Contract MichCon 2019
Derivative [Line Items]
MMBtu/day | MMBTU	20,000
Weighted Average Price	(0.12)

Derivative Instruments (Schedul

Derivative Instruments (Schedule of Offsetting Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Amounts of Recognized Assets, Derivative Assets	$ 245,141	$ 201,775
Gross Amounts Offset on Balance Sheet, Derivative Assets	(61,132)	(5,553)
Net Amounts of Assets (Liabilities) on Balance Sheet, Derivative Assets	$ 184,009	$ 196,222

Fair Value of Financial Instr43

Fair Value of Financial Instruments (Schedule of Assets and Liabilities Measured at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets:
Derivative instruments, at fair value	$ 184,009	$ 196,222
Fair Value, Measurements, Recurring
Assets:
Derivative instruments, at fair value	184,009	196,222
Total assets	184,009	196,222
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Derivative instruments, at fair value	0	0
Total assets	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Derivative instruments, at fair value	184,009	196,222
Total assets	184,009	196,222
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Derivative instruments, at fair value	0	0
Total assets	0	0
Carrying Value | Fair Value, Measurements, Recurring
Assets:
Derivative instruments, at fair value	184,009	196,222
Total assets	$ 184,009	$ 196,222

Fair Value of Financial Instr44

Fair Value of Financial Instruments (Schedule of the Estimated Fair Value and Carrying Amount of Long-term Debt) (Details) - Significant Other Observable Inputs (Level 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other	$ 0	$ 680
Total fair value	1,424,033	900,680
Carrying Value | Senior Notes Due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	900,000	900,000
Carrying Value | Senior Notes Due 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	397,033	0
Carrying Value | Senior Secured Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	0	0
Carrying Value | Midstream Holdings Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	97,000	0
Carrying Value | RMP Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	30,000	0
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other	0	680
Total fair value	1,430,250	839,930
Fair Value | Senior Notes Due 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	893,250	839,250
Fair Value | Senior Notes Due 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	410,000	0
Fair Value | Senior Secured Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	0	0
Fair Value | Midstream Holdings Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	97,000	0
Fair Value | RMP Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revolving Credit Facility	$ 30,000	$ 0

Financial Information by Busi45

Financial Information by Business Segment (Narrative) (Details) - business_segment	6 Months Ended
	Jun. 30, 2015	Dec. 22, 2014
Segment Reporting Information [Line Items]
Number of business segments	2
Rice Midstream Partners LP
Segment Reporting Information [Line Items]
Limited partnership interest percentage in partnership		50.00%
Operating Segments | Midstream | Rice Midstream Partners LP
Segment Reporting Information [Line Items]
Limited partnership interest percentage in partnership	50.00%

Financial Information by Busi46

Financial Information by Business Segment (Schedule of Operating Results and Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Natural gas, oil and natural gas liquids (“NGL”) sales	$ 100,890	$ 88,524	$ 197,802	$ 178,990
Firm transportation sales, net	438	2,113	3,264	2,113
Gathering, compression and water distribution	11,566	1,303	21,367	1,314
Total operating revenues	112,894	91,940	222,433	182,417
Lease operating	11,090	6,667	22,681	11,853
Gathering, compression and transportation	16,842	8,014	31,262	14,471
Production taxes and impact fees	1,694	871	3,148	1,510
Exploration	356	473	1,095	959
Midstream operation and maintenance	2,801	1,162	6,132	1,835
Incentive unit expense	23,099	1,474	46,557	75,276
Stock compensation expense	4,212	1,125	7,467	1,216
General and administrative	20,425	14,845	37,914	26,275
Depreciation, depletion and amortization	76,140	32,552	138,721	58,059
Amortization of intangibles	408	340	816	340
Other expense	1,998	0	3,889	0
Total operating expenses	159,065	67,523	299,682	191,794
Operating (loss) income	(46,171)	24,417	(77,249)	(9,377)
Capital expenditures for segment assets	298,389	261,862	622,797	441,650
Operating Segments | Exploration and Production
Segment Reporting Information [Line Items]
Natural gas, oil and natural gas liquids (“NGL”) sales	100,890	88,524	197,802	178,990
Firm transportation sales, net	438	2,113	3,264	2,113
Gathering, compression and water distribution	0	0	0	0
Total operating revenues	101,328	90,637	201,066	181,103
Lease operating	11,090	6,667	22,681	11,853
Gathering, compression and transportation	32,691	8,104	60,367	14,616
Production taxes and impact fees	1,694	871	3,148	1,510
Exploration	356	473	1,095	959
Midstream operation and maintenance	0	0	0	0
Incentive unit expense	21,885	2,462	44,383	70,564
Stock compensation expense	3,011	994	5,231	1,085
General and administrative	16,115	9,430	29,414	18,998
Depreciation, depletion and amortization	73,342	31,397	132,256	56,461
Amortization of intangibles	0	0	0	0
Other expense	1,159		3,050
Total operating expenses	161,343	60,398	301,625	176,046
Operating (loss) income	(60,015)	30,239	(100,559)	5,057
Capital expenditures for segment assets	211,925	229,015	452,642	394,293
Operating Segments | Midstream
Segment Reporting Information [Line Items]
Natural gas, oil and natural gas liquids (“NGL”) sales	0	0	0	0
Firm transportation sales, net	0	0	0	0
Gathering, compression and water distribution	34,812	1,393	64,259	1,459
Total operating revenues	34,812	1,393	64,259	1,459
Lease operating	0	0	0	0
Gathering, compression and transportation	0	0	0	0
Production taxes and impact fees	0	0	0	0
Exploration	0	0	0	0
Midstream operation and maintenance	2,801	1,162	6,132	1,835
Incentive unit expense	1,214	(988)	2,174	4,712
Stock compensation expense	1,201	131	2,236	131
General and administrative	4,310	5,415	8,500	7,277
Depreciation, depletion and amortization	3,330	1,155	6,997	1,598
Amortization of intangibles	408	340	816	340
Other expense	839		839
Total operating expenses	14,103	7,215	27,694	15,893
Operating (loss) income	20,709	(5,822)	36,565	(14,434)
Capital expenditures for segment assets	93,330	32,847	183,942	47,357
Elimination of Intersegment Transactions
Segment Reporting Information [Line Items]
Natural gas, oil and natural gas liquids (“NGL”) sales	0	0	0	0
Firm transportation sales, net	0	0	0	0
Gathering, compression and water distribution	(23,246)	(90)	(42,892)	(145)
Total operating revenues	(23,246)	(90)	(42,892)	(145)
Lease operating	0	0	0	0
Gathering, compression and transportation	(15,849)	(90)	(29,105)	(145)
Production taxes and impact fees	0	0	0	0
Exploration	0	0	0	0
Midstream operation and maintenance	0	0	0	0
Incentive unit expense	0	0	0	0
Stock compensation expense	0	0	0	0
General and administrative	0	0	0	0
Depreciation, depletion and amortization	(532)	0	(532)	0
Amortization of intangibles	0	0	0	0
Other expense	0		0
Total operating expenses	(16,381)	(90)	(29,637)	(145)
Operating (loss) income	(6,865)	0	(13,255)	0
Capital expenditures for segment assets	$ (6,866)	$ 0	$ (13,787)	$ 0

Financial Information by Busi47

Financial Information by Business Segment (Schedule of Assets of Reportable Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	$ 4,031,206	$ 3,527,949
Operating Segments | Exploration and Production
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	3,215,138	2,935,814
Operating Segments | Midstream
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	829,855	592,135
Elimination of Intersegment Transactions
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	$ (13,787)	$ 0

Financial Information by Busi48

Financial Information by Business Segment (Schedule of Goodwill of Reportable Segments) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill	$ 334,050	$ 334,050
Operating Segments | Exploration and Production
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill	294,908	294,908
Operating Segments | Midstream
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill	39,142	39,142
Elimination of Intersegment Transactions
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) a in Thousands, $ in Millions	Oct. 14, 2013a	Jun. 30, 2015USD ($)Drilling_Rig
Other Commitments [Line Items]
Number of horizontal drilling rigs under contract		3
Number of tophole drilling rigs under contract		2
Number of drilling rigs under contract that expire in 2016		2
Number of drilling rigs under contract that expire in 2017		2
Number of drilling rigs under contract that expire in 2018		1
Total future payments for horizontal drilling rigs under contract | $		$ 64.6
Future payments for horizontal drilling rigs under contract, remainder of 2015 | $		21.3
Future payments for horizontal drilling rigs under contract, 2016 | $		28.9
Future payments for horizontal drilling rigs under contract, 2017 | $		12.2
Future payments for horizontal drilling rigs under contract, 2018 | $		$ 2.2
Utica Development Agreements
Other Commitments [Line Items]
Net acres | a	50
Utica Development Agreements, terms	10 years
Period of notice prior to termination	90 days
Utica Development Agreements | Goshen and Smith Townships in Belmont County, Ohio
Other Commitments [Line Items]
Participating interest in acreage (percentage)	68.70%
Utica Development Agreements | Wayne and Washington Townships in Belmont County, Ohio
Other Commitments [Line Items]
Participating interest in acreage (percentage)	48.20%

Commitments and Contingencies50

Commitments and Contingencies (Commitment for Gathering and Firm Transportation) (Details) - Gathering and Firm Transportation $ in Millions	Jun. 30, 2015USD ($)
Other Commitments [Line Items]
Future payments under contracts	$ 4,846.5
Commitment for gathering and firm transportation, remainder of 2015	49.4
Commitment for gathering and firm transportation, 2016	117.2
Commitment for gathering and firm transportation, 2017	136.8
Commitment for gathering and firm transportation, 2018	197.6
Commitment for gathering and firm transportation, 2019	222.5
Commitment for gathering and firm transportation, 2020	222.3
Commitment for gathering and firm transportation, Thereafter	$ 3,900.7

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 24, 2015	May. 14, 2015	May. 12, 2015	Dec. 22, 2014	Jan. 29, 2014	Aug. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Class of Stock [Line Items]
Compensation expense							$ 23,099	$ 1,474		$ 46,557	$ 75,276
Offering costs related to the Partnership’s IPO										$ 129	$ 0
Rice Midstream Partners LP
Class of Stock [Line Items]
Noncontrolling interest percentage				50.00%			50.00%			50.00%
Prorated cash distribution per common unit		$ 0.1875
Rice Midstream Partners LP | Subsequent Event
Class of Stock [Line Items]
Minimum quarterly distribution per unit	$ 0.1905
Common Stock
Class of Stock [Line Items]
Shares sold in Equity Offering						13,729,650
Public offering price per share						$ 27.30
Offering costs related to the Partnership’s IPO						$ 7,700
Proceeds from issuance of common stock sold in August 2014 Equity Offering, net of underwriting fees						$ 196,300
NGP Holdings | NGP Holdings
Class of Stock [Line Items]
Shares of common stock relating to offer and sale by NGP Holdings, Inc			6,000,000
Price per share of sale of common stock			$ 24.20
Price per share of sale of common stock, net of underwriting discounts and commissions			$ 23.99
Rice Midstream Partners LP
Class of Stock [Line Items]
Limited partnership interest percentage in partnership				50.00%
IPO
Class of Stock [Line Items]
Compensation expense									$ 3,400
IPO | Rice Midstream Partners LP
Class of Stock [Line Items]
Number of units issued through initial public offering				28,750,000
IPO | Common Units | Rice Midstream Partners LP
Class of Stock [Line Items]
Number of common and subordinated units				3,623
IPO | Subordinated Units | Rice Midstream Partners LP
Class of Stock [Line Items]
Number of common and subordinated units				28,753,623
IPO | NGP Holdings | NGP Holdings
Class of Stock [Line Items]
Shares sold in Equity Offering					43,452,550
IPO | Rice Holdings | Rice Holdings
Class of Stock [Line Items]
Shares sold in Equity Offering					20,300,923
IPO | Mr. Daniel J. Rice III
Class of Stock [Line Items]
Shares sold in Equity Offering					2,356,844
IPO | Rice Partners
Class of Stock [Line Items]
Shares sold in Equity Offering					20,000,000
IPO | Incentive Unitholders
Class of Stock [Line Items]
Shares sold in Equity Offering					160,831
IPO | Rice Drilling B
Class of Stock [Line Items]
Shares sold in Equity Offering					1,728,852
IPO | Rice Midstream Partners LP
Class of Stock [Line Items]
Contribution percentage				100.00%
Secondary Public Offering | Common Stock | Rice Energy Inc
Class of Stock [Line Items]
Shares sold in Equity Offering						7,500,000
Secondary Public Offering | Common Stock | Affiliates of Natural Gas Partners and Alpha Natural Resources
Class of Stock [Line Items]
Shares sold in Equity Offering						6,229,650

Incentive Units (Narrative) (De

Incentive Units (Narrative) (Details) $ in Thousands	May. 12, 2015USD ($)	Aug. 31, 2014USD ($)	Jun. 30, 2015USD ($)Tranche	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)Transaction	Jun. 30, 2015USD ($)Tranche	Jun. 30, 2014USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive unit expense			$ 23,099	$ 1,474		$ 46,557	$ 75,276
IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive unit expense					$ 3,400
Incentive Units | IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive unit expense			23,100	$ 1,500		46,600	$ 75,300
Compensation expense related to changes in certain service condition assumptions			1,900			11,100
Incentive Units | Incentive Unitholders | IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of transactions | Transaction					2
Incentive unit expense					$ 7,800
Incentive Units | Rice Holdings | IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost			$ 52,200			$ 52,200
Incentive Units | Time Vesting Feature
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches with time vest feature | Tranche			3			3
Incentive Units | Future Payment Condition Vesting Feature
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of tranches without time vest feature | Tranche			4			4
NGP Holdings | Incentive Units | NGP Holdings
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment for pre-determined payout criteria	$ 26,700	$ 12,000
NGP Holdings | Incentive Units | NGP Holdings | IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment for pre-determined payout criteria					$ 4,400
Unrecognized compensation cost			$ 24,500			$ 24,500

Incentive Units (Roll Forward o

Incentive Units (Roll Forward of Incentive Units) (Details) - Incentive Units - Time Vesting Feature	6 Months Ended
	Jun. 30, 2015shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vested Units Balance, December 31, 2014	1,800,911
Vested During Period	559,590
Forfeited During Period	0
Granted During Period	0
Canceled During Period	0
Vested Units Balance, June 30, 2015	2,360,501

Incentive Units (Fair Value of

Incentive Units (Fair Value of Incentive Units) (Details) - Incentive Units	Jun. 30, 2015	Apr. 16, 2014	Apr. 14, 2014	Jan. 29, 2014
Rice Holdings | Rice Holdings | 1/29/2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend Yield				0.00%
Expected Volatility				47.00%
Risk-Free Rate				1.11%
Expected Life (Years)				4 years
Rice Holdings | Rice Holdings | 4/14/2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend Yield			0.00%
Expected Volatility			45.19%
Risk-Free Rate			1.13%
Expected Life (Years)			3 years 9 months 18 days
Rice Holdings | Rice Holdings | 4/16/2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend Yield		0.00%
Expected Volatility		44.32%
Risk-Free Rate		1.18%
Expected Life (Years)		3 years 9 months 15 days
NGP Holdings | NGP Holdings | 6/30/2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend Yield	0.00%
Expected Volatility	47.29%
Risk-Free Rate	0.37%
Expected Life (Years)	1 year 3 months

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 4,212	$ 1,125	$ 7,467	$ 1,216
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	3,200	$ 1,100	5,500	$ 1,200
Unrecorded compensation expense	26,000		26,000
Phantom Unit Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	1,000		2,000
Unrecorded compensation expense	$ 4,900		$ 4,900

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Net (loss) income	$ (69,683)	$ (7,917)	$ (69,530)	$ 121,538
Weighted-average number of shares of common stock (denominator):
Basic	136,315,882	128,419,606	136,303,914	121,925,915
Diluted	136,315,882	128,419,606	136,303,914	122,255,908
Earnings (loss) per share:
Basic	$ (0.51)	$ (0.06)	$ (0.51)	$ 1
Diluted	$ (0.51)	$ (0.06)	$ (0.51)	$ 0.99
Shares not included in the diluted earnings per share calculation as they were considered anti-dilutive	284,829	109,593	170,413

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jan. 29, 2014
Income Taxes [Line Items]
Federal income tax statutory rate			35.00%
Deferred tax liability recorded in equity	$ 1,505,205		$ 1,505,205		$ 1,522,710
Deferred income tax expense	$ (9,992)	$ (4,593)	$ (1,462)	$ 4,782
Effective tax rate (percentage)	14.00%	37.00%	2.00%	4.00%
IPO | Deferred Tax Liability Recorded In Equity
Income Taxes [Line Items]
Deferred tax liability recorded in equity						$ 162,300

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details)	Jul. 17, 2015
Subsequent Event | Senior Secured Revolving Credit Facility | Revolving Credit Facility
Subsequent Event [Line Items]
Period following date of amendment	5 years

Guarantor Subsidiaries Financ59

Guarantor Subsidiaries Financial Information (Narrative) (Details) - Senior Notes - USD ($)	Mar. 26, 2015	Apr. 25, 2014
Senior Notes Due 2022
Condensed Financial Statements, Captions [Line Items]
Aggregate principal amounts of debt offered		$ 900,000,000
Senior Notes Due 2023
Condensed Financial Statements, Captions [Line Items]
Aggregate principal amounts of debt offered	$ 400,000,000

Guarantor Subsidiaries Financ60

Guarantor Subsidiaries Financial Information (Condensed Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$ 256,676	$ 256,130	$ 471,530	$ 31,612
Accounts receivable	245,428	199,900
Receivable from affiliates	92	88
Prepaid expenses and other assets	6,266	3,339
Derivative assets	128,502	133,034
Total current assets	636,964	592,491
Investments in subsidiaries	0	0
Gas collateral account	3,995	3,995
Property, plant and equipment, net	2,922,494	2,461,331
Deferred financing costs, net	31,220	25,103
Goodwill	334,050	334,050
Intangible assets, net	46,976	47,791
Derivative assets	55,507	63,188
Other non-current assets		63,188
Total assets	4,031,206	3,527,949
Current liabilities:
Current portion of long-term debt	0	680
Accounts payable	110,375	152,329
Royalties payable	52,620	37,172
Accrued capital expenditures	131,177	108,290
Accrued interest	17,248	9,375
Leasehold payables	14,496	30,702
Deferred tax liabilities	51,805	54,688
Payable to affiliate	0
Other accrued liabilities	44,672	43,439
Total current liabilities	422,393	436,675
Long-term liabilities:
Long-term debt	1,424,033	900,000
Leasehold payable	5,043	4,279
Deferred tax liabilities	210,638	209,218
Other long-term liabilities	14,898	12,609
Total liabilities	2,077,005	1,562,781
Stockholders’ equity before noncontrolling interest	1,505,205	1,522,710
Noncontrolling interests in consolidated subsidiaries	448,996	442,458
Total liabilities and stockholders’ equity	4,031,206	3,527,949
Parent
Current assets:
Cash	162,358	181,835	400,472	0
Accounts receivable	322	1,773
Receivable from affiliates	37,082	634
Prepaid expenses and other assets	3,218	1,296
Derivative assets	36,668	47,291
Total current assets	239,648	232,829
Investments in subsidiaries	2,496,157	2,177,895
Gas collateral account	0	0
Property, plant and equipment, net	10,193	10,348
Deferred financing costs, net	26,681	20,081
Goodwill	0	0
Intangible assets, net	0	0
Derivative assets	7,900
Other non-current assets		8,290
Total assets	2,780,579	2,449,443
Current liabilities:
Current portion of long-term debt		0
Accounts payable	1,962	19,231
Royalties payable	0	0
Accrued capital expenditures	0	1,515
Accrued interest	17,108	9,375
Leasehold payables	0	0
Deferred tax liabilities	11,393	54,688
Payable to affiliate	0
Other accrued liabilities	9,827	16,652
Total current liabilities	40,290	101,461
Long-term liabilities:
Long-term debt	1,297,033	900,000
Leasehold payable	0	0
Deferred tax liabilities	(65,496)	12,497
Other long-term liabilities	3,091	3,068
Total liabilities	1,274,918	1,017,026
Stockholders’ equity before noncontrolling interest	1,505,661	1,432,417
Noncontrolling interests in consolidated subsidiaries	0	0
Total liabilities and stockholders’ equity	2,780,579	2,449,443
Guarantors
Current assets:
Cash	88,732	41,934	57,858	31,408
Accounts receivable	227,853	196,974
Receivable from affiliates	0	55
Prepaid expenses and other assets	2,391	1,702
Derivative assets	91,834	85,743
Total current assets	410,810	326,408
Investments in subsidiaries	118,094	86,148
Gas collateral account	3,995	3,995
Property, plant and equipment, net	2,236,277	1,986,856
Deferred financing costs, net	0	0
Goodwill	294,908	294,908
Intangible assets, net	0	0
Derivative assets	47,607
Other non-current assets		54,898
Total assets	3,111,691	2,753,213
Current liabilities:
Current portion of long-term debt		680
Accounts payable	64,535	101,132
Royalties payable	52,620	37,172
Accrued capital expenditures	77,729	89,858
Accrued interest	0	0
Leasehold payables	14,496	30,702
Deferred tax liabilities	40,412	39,197
Payable to affiliate	63,414
Other accrued liabilities	33,033	27,502
Total current liabilities	346,239	326,243
Long-term liabilities:
Long-term debt	0	0
Leasehold payable	5,043	4,279
Deferred tax liabilities	255,239	237,155
Other long-term liabilities	9,013	7,641
Total liabilities	615,534	575,318
Stockholders’ equity before noncontrolling interest	2,496,157	2,177,895
Noncontrolling interests in consolidated subsidiaries	0	0
Total liabilities and stockholders’ equity	3,111,691	2,753,213
Non-Guarantors
Current assets:
Cash	5,586	32,361	13,200	204
Accounts receivable	17,253	1,153
Receivable from affiliates	26,424	2,198
Prepaid expenses and other assets	657	341
Derivative assets	0	0
Total current assets	49,920	36,053
Investments in subsidiaries	0	0
Gas collateral account	0	0
Property, plant and equipment, net	689,279	464,127
Deferred financing costs, net	4,539	5,022
Goodwill	39,142	39,142
Intangible assets, net	46,976	47,791
Derivative assets	0
Other non-current assets		0
Total assets	829,856	592,135
Current liabilities:
Current portion of long-term debt		0
Accounts payable	43,878	31,966
Royalties payable	0	0
Accrued capital expenditures	53,448	16,917
Accrued interest	140	0
Leasehold payables	0	0
Deferred tax liabilities	0	0
Payable to affiliate	0
Other accrued liabilities	1,812	2,086
Total current liabilities	99,278	50,969
Long-term liabilities:
Long-term debt	127,000	0
Leasehold payable	0	0
Deferred tax liabilities	20,895	10,660
Other long-term liabilities	2,794	1,900
Total liabilities	249,967	63,529
Stockholders’ equity before noncontrolling interest	130,893	86,148
Noncontrolling interests in consolidated subsidiaries	448,996	442,458
Total liabilities and stockholders’ equity	829,856	592,135
Eliminations
Current assets:
Cash	0	0	$ 0	$ 0
Accounts receivable	0	0
Receivable from affiliates	(63,414)	(2,799)
Prepaid expenses and other assets	0	0
Derivative assets	0	0
Total current assets	(63,414)	(2,799)
Investments in subsidiaries	(2,614,251)	(2,264,043)
Gas collateral account	0	0
Property, plant and equipment, net	(13,255)	0
Deferred financing costs, net	0	0
Goodwill	0	0
Intangible assets, net	0	0
Derivative assets	0
Other non-current assets		0
Total assets	(2,690,920)	(2,266,842)
Current liabilities:
Current portion of long-term debt		0
Accounts payable	0	0
Royalties payable	0	0
Accrued capital expenditures	0	0
Accrued interest	0	0
Leasehold payables	0	0
Deferred tax liabilities	0	(39,197)
Payable to affiliate	(63,414)
Other accrued liabilities	0	(2,801)
Total current liabilities	(63,414)	(41,998)
Long-term liabilities:
Long-term debt	0	0
Leasehold payable	0	0
Deferred tax liabilities	0	(51,094)
Other long-term liabilities	0	0
Total liabilities	(63,414)	(93,092)
Stockholders’ equity before noncontrolling interest	(2,627,506)	(2,173,750)
Noncontrolling interests in consolidated subsidiaries	0	0
Total liabilities and stockholders’ equity	$ (2,690,920)	$ (2,266,842)

Guarantor Subsidiaries Financ61

Guarantor Subsidiaries Financial Information (Condensed Consolidated Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	$ 100,890	$ 88,524	$ 197,802	$ 178,990
Firm transportation sales, net	438	2,113	3,264	2,113
Gathering, compression and water distribution	11,566	1,303	21,367	1,314
Total operating revenues	112,894	91,940	222,433	182,417
Operating expenses:
Lease operating	11,090	6,667	22,681	11,853
Gathering, compression and transportation	16,842	8,014	31,262	14,471
Production taxes and impact fees	1,694	871	3,148	1,510
Exploration	356	473	1,095	959
Midstream operation and maintenance	2,801	1,162	6,132	1,835
Incentive unit expense	23,099	1,474	46,557	75,276
Stock compensation expense	4,212	1,125	7,467	1,216
General and administrative	20,425	14,845	37,914	26,275
Depreciation, depletion and amortization	76,140	32,552	138,721	58,059
Amortization of intangibles	408	340	816	340
Other expense	1,998	0	3,889	0
Total operating expenses	159,065	67,523	299,682	191,794
Operating (loss) income	(46,171)	24,417	(77,249)	(9,377)
Interest expense	(23,359)	(15,941)	(39,488)	(22,983)
Gain on purchase of Marcellus joint venture	0	0	0	203,579
Other income (loss)	1,035	(195)	1,196	396
(Loss) gain on derivative instruments	(3,710)	(11,198)	57,657	(31,578)
Amortization of deferred financing costs	(1,306)	(532)	(2,409)	(1,021)
Loss on extinguishment of debt	0	(3,001)	0	(3,144)
Write-off of deferred financing costs	0	(6,060)	0	(6,896)
Equity loss of joint ventures	0	0	0	(2,656)
Equity in income (loss) of affiliate	0	0	0	0
(Loss) income before income taxes	(73,511)	(12,510)	(60,293)	126,320
Income tax benefit (expense)	9,992	4,593	1,462	(4,782)
Net (loss) income	(63,519)	(7,917)	(58,831)	121,538
Less: Net income attributable to noncontrolling interests	(6,164)	0	(10,699)	0
Net (loss) income attributable to Rice Energy Inc.	(69,683)	(7,917)	(69,530)	121,538
Parent
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	0	0	0	0
Firm transportation sales, net	0		0	0
Gathering, compression and water distribution	0	0	0	0
Total operating revenues	0	0	0	0
Operating expenses:
Lease operating	0	0	0	0
Gathering, compression and transportation	0	0	0	0
Production taxes and impact fees	0	0	0	0
Exploration	0	0	0	0
Midstream operation and maintenance	0	0	0	0
Incentive unit expense	0	0	0	0
Stock compensation expense	0	0	0	0
General and administrative	0	0	0	0
Depreciation, depletion and amortization	0	0	0	0
Amortization of intangibles	0	0	0	0
Other expense	0		0
Total operating expenses	0	0	0	0
Operating (loss) income	0	0	0	0
Interest expense	(22,381)	(10,252)	(37,806)	(10,252)
Gain on purchase of Marcellus joint venture				0
Other income (loss)	261	19	355	20
(Loss) gain on derivative instruments	(4,866)	0	9,099	0
Amortization of deferred financing costs	(1,054)	(532)	(1,906)	(532)
Loss on extinguishment of debt		0		0
Write-off of deferred financing costs		0		0
Equity loss of joint ventures				0
Equity in income (loss) of affiliate	(62,845)	3,629	(69,570)	130,617
(Loss) income before income taxes	(90,885)	(7,136)	(99,828)	119,853
Income tax benefit (expense)	9,992	4,593	1,462	(4,782)
Net (loss) income	(80,893)	(2,543)	(98,366)	115,071
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net (loss) income attributable to Rice Energy Inc.	(80,893)	(2,543)	(98,366)	115,071
Guarantors
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	100,890	88,524	197,802	178,990
Firm transportation sales, net	438		3,264	2,113
Gathering, compression and water distribution	0	0	0	0
Total operating revenues	101,328	90,637	201,066	181,103
Operating expenses:
Lease operating	11,090	6,667	22,681	11,853
Gathering, compression and transportation	32,691	8,159	60,367	14,616
Production taxes and impact fees	1,694	871	3,148	1,510
Exploration	212	473	951	959
Midstream operation and maintenance	0	126	0	515
Incentive unit expense	21,885	2,387	44,383	70,564
Stock compensation expense	3,011	994	5,231	1,085
General and administrative	16,116	8,106	29,414	18,998
Depreciation, depletion and amortization	73,119	31,157	132,256	56,461
Amortization of intangibles	0	0	0	0
Other expense	1,159		3,050
Total operating expenses	160,977	58,940	301,481	176,561
Operating (loss) income	(59,649)	31,697	(100,415)	4,542
Interest expense	(18)	(5,689)	(50)	(12,731)
Gain on purchase of Marcellus joint venture				203,579
Other income (loss)	774	(226)	832	376
(Loss) gain on derivative instruments	1,156	(11,198)	48,558	(31,578)
Amortization of deferred financing costs	0	0	0	(489)
Loss on extinguishment of debt		(3,001)		(3,144)
Write-off of deferred financing costs		(6,060)		(6,896)
Equity loss of joint ventures				(2,656)
Equity in income (loss) of affiliate	912	1,610	60	(7,507)
(Loss) income before income taxes	(56,825)	7,133	(51,015)	143,496
Income tax benefit (expense)	(6,020)	(3,504)	(18,555)	(12,879)
Net (loss) income	(62,845)	3,629	(69,570)	130,617
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net (loss) income attributable to Rice Energy Inc.	(62,845)	3,629	(69,570)	130,617
Non-Guarantors
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	0	0	0	0
Firm transportation sales, net	0		0	0
Gathering, compression and water distribution	34,812	1,448	64,259	1,459
Total operating revenues	34,812	1,448	64,259	1,459
Operating expenses:
Lease operating	0	0	0	0
Gathering, compression and transportation	0	0	0	0
Production taxes and impact fees	0	0	0	0
Exploration	144	0	144	0
Midstream operation and maintenance	2,801	1,036	6,132	1,320
Incentive unit expense	1,214	(913)	2,174	4,712
Stock compensation expense	1,201	131	2,236	131
General and administrative	4,309	6,739	8,500	7,277
Depreciation, depletion and amortization	3,553	1,395	6,997	1,598
Amortization of intangibles	408	340	816	340
Other expense	839		839
Total operating expenses	14,469	8,728	27,838	15,378
Operating (loss) income	20,343	(7,280)	36,421	(13,919)
Interest expense	(960)	0	(1,632)	0
Gain on purchase of Marcellus joint venture				0
Other income (loss)	0	12	9	0
(Loss) gain on derivative instruments	0	0	0	0
Amortization of deferred financing costs	(252)	0	(503)	0
Loss on extinguishment of debt		0		0
Write-off of deferred financing costs		0		0
Equity loss of joint ventures				0
Equity in income (loss) of affiliate	0	0	0	0
(Loss) income before income taxes	19,131	(7,268)	34,295	(13,919)
Income tax benefit (expense)	(5,189)	8,878	(10,279)	6,412
Net (loss) income	13,942	1,610	24,016	(7,507)
Less: Net income attributable to noncontrolling interests	(6,164)	0	(10,699)	0
Net (loss) income attributable to Rice Energy Inc.	7,778	1,610	13,317	(7,507)
Eliminations
Operating revenues:
Natural gas, oil and natural gas liquids (“NGL”) sales	0	0	0	0
Firm transportation sales, net	0		0	0
Gathering, compression and water distribution	(23,246)	(145)	(42,892)	(145)
Total operating revenues	(23,246)	(145)	(42,892)	(145)
Operating expenses:
Lease operating	0	0	0	0
Gathering, compression and transportation	(15,849)	(145)	(29,105)	(145)
Production taxes and impact fees	0	0	0	0
Exploration	0	0	0	0
Midstream operation and maintenance	0	0	0	0
Incentive unit expense	0	0	0	0
Stock compensation expense	0	0	0	0
General and administrative	0	0	0	0
Depreciation, depletion and amortization	(532)	0	(532)	0
Amortization of intangibles	0	0	0	0
Other expense	0		0
Total operating expenses	(16,381)	(145)	(29,637)	(145)
Operating (loss) income	(6,865)	0	(13,255)	0
Interest expense	0	0	0	0
Gain on purchase of Marcellus joint venture				0
Other income (loss)	0	0	0	0
(Loss) gain on derivative instruments	0	0	0	0
Amortization of deferred financing costs	0	0	0	0
Loss on extinguishment of debt		0		0
Write-off of deferred financing costs		0		0
Equity loss of joint ventures				0
Equity in income (loss) of affiliate	61,933	(5,239)	69,510	(123,110)
(Loss) income before income taxes	55,068	(5,239)	56,255	(123,110)
Income tax benefit (expense)	11,209	(5,374)	28,834	6,467
Net (loss) income	66,277	(10,613)	85,089	(116,643)
Less: Net income attributable to noncontrolling interests	0	0	0	0
Net (loss) income attributable to Rice Energy Inc.	$ 66,277	$ (10,613)	$ 85,089	$ (116,643)

Guarantor Subsidiaries Financ62

Guarantor Subsidiaries Financial Information (Condensed Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 104,933	$ 75,229
Cash flows from investing activities:
Capital expenditures for property and equipment	(622,797)	(441,650)
Investment in subsidiaries	0	0
Acquisition of Marcellus joint venture, net of cash acquired	0	(82,766)
Acquisition of Momentum assets	0	(111,447)
Proceeds from sale of interest in gas properties	10,201	11,542
Net cash used in investing activities	(612,596)	(624,321)
Cash flows from financing activities:
Proceeds from borrowings	538,932	900,000
Repayments of debt obligations	(16,091)	(498,865)
Restricted cash for convertible debt	0	8,268
Debt issuance costs	(8,526)	(18,436)
Offering costs related to the Partnership’s IPO	(129)	0
Distributions to the Partnership’s public unitholders	(5,977)	0
Parent distributions, net	0
Shares of stock in IPO, net of costs		597,095
Proceeds from conversion of warrants	0	948
Parent contributions, net		0
Net cash provided by financing activities	508,209	989,010
Net increase in cash	546	439,918
Cash at the beginning of the year	256,130	31,612
Cash at the end of the period	256,676	471,530
Parent
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(70,784)	4,798
Cash flows from investing activities:
Capital expenditures for property and equipment	(1,341)	0
Investment in subsidiaries	(335,385)	(1,083,844)
Acquisition of Marcellus joint venture, net of cash acquired		0
Acquisition of Momentum assets		0
Proceeds from sale of interest in gas properties	0	0
Net cash used in investing activities	(336,726)	(1,083,844)
Cash flows from financing activities:
Proceeds from borrowings	411,932	900,000
Repayments of debt obligations	(15,394)	0
Restricted cash for convertible debt		0
Debt issuance costs	(8,505)	(20,726)
Offering costs related to the Partnership’s IPO	0
Distributions to the Partnership’s public unitholders	0
Parent distributions, net	0
Shares of stock in IPO, net of costs		600,244
Proceeds from conversion of warrants		0
Parent contributions, net		0
Net cash provided by financing activities	388,033	1,479,518
Net increase in cash	(19,477)	400,472
Cash at the beginning of the year	181,835	0
Cash at the end of the period	162,358	400,472
Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	182,183	78,502
Cash flows from investing activities:
Capital expenditures for property and equipment	(451,301)	(394,293)
Investment in subsidiaries	(28,973)	(179,871)
Acquisition of Marcellus joint venture, net of cash acquired		(82,766)
Acquisition of Momentum assets		0
Proceeds from sale of interest in gas properties	10,201	11,542
Net cash used in investing activities	(470,073)	(645,388)
Cash flows from financing activities:
Proceeds from borrowings	0	0
Repayments of debt obligations	(697)	(498,865)
Restricted cash for convertible debt		8,268
Debt issuance costs	0	2,290
Offering costs related to the Partnership’s IPO	0
Distributions to the Partnership’s public unitholders	0
Parent distributions, net	335,385
Shares of stock in IPO, net of costs		(3,149)
Proceeds from conversion of warrants		948
Parent contributions, net		1,083,844
Net cash provided by financing activities	334,688	593,336
Net increase in cash	46,798	26,450
Cash at the beginning of the year	41,934	31,408
Cash at the end of the period	88,732	57,858
Non-Guarantors
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	7,321	(8,071)
Cash flows from investing activities:
Capital expenditures for property and equipment	(183,942)	(47,357)
Investment in subsidiaries	0	0
Acquisition of Marcellus joint venture, net of cash acquired		0
Acquisition of Momentum assets		(111,447)
Proceeds from sale of interest in gas properties	0	0
Net cash used in investing activities	(183,942)	(158,804)
Cash flows from financing activities:
Proceeds from borrowings	127,000	0
Repayments of debt obligations	0	0
Restricted cash for convertible debt		0
Debt issuance costs	(21)	0
Offering costs related to the Partnership’s IPO	(129)
Distributions to the Partnership’s public unitholders	(5,977)
Parent distributions, net	28,973
Shares of stock in IPO, net of costs		0
Proceeds from conversion of warrants		0
Parent contributions, net		179,871
Net cash provided by financing activities	149,846	179,871
Net increase in cash	(26,775)	12,996
Cash at the beginning of the year	32,361	204
Cash at the end of the period	5,586	13,200
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(13,787)	0
Cash flows from investing activities:
Capital expenditures for property and equipment	13,787	0
Investment in subsidiaries	364,358	1,263,715
Acquisition of Marcellus joint venture, net of cash acquired		0
Acquisition of Momentum assets		0
Proceeds from sale of interest in gas properties	0	0
Net cash used in investing activities	378,145	1,263,715
Cash flows from financing activities:
Proceeds from borrowings	0	0
Repayments of debt obligations	0	0
Restricted cash for convertible debt		0
Debt issuance costs	0	0
Offering costs related to the Partnership’s IPO	0
Distributions to the Partnership’s public unitholders	0
Parent distributions, net	(364,358)
Shares of stock in IPO, net of costs		0
Proceeds from conversion of warrants		0
Parent contributions, net		(1,263,715)
Net cash provided by financing activities	(364,358)	(1,263,715)
Net increase in cash	0	0
Cash at the beginning of the year	0	0
Cash at the end of the period	$ 0	$ 0