Former Rice Energy Inc. executives have formed a $200 million investment firm to pursue investments of $1 million to $40 million across the oil and gas sector. Rice Energy was founded by the Rice brothers. Daniel, Toby, Derek and Ryan Rice have partnered, along with another company executive, Kyle Derham, to form the Rice Investment Group based in Pittsburgh. The company is targeting investments in the upstream, midstream, oilfield services and energy technology sectors. Appalachian pure-play Rice Energy was sold to EQT Corp. in 2017 for $8.2 billion.
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