Thread regarding Rice Energy Inc. layoffs

10% of Rice

It's interesting that EQT would only take 10% of Rice. Rice developed into a large successful company, quickly that part of it has to be because of their employees. Wonder why EQT is not impressed with Rice employees??

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| 2590 views | | 5 replies (last October 5, 2017)
Post ID: @OP+PrQxWDF

5 replies (most recent on top)

It's probably department dependent. There's definitely been groups they had no interest or follow up meetings with while others EQT has had multiple meetings and questions.

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Post ID: @aljq+PrQxWDF

Not interesting. Rice was successful because of the rock. They lucked out and leased areas which turned out to be great. The employees didn't do that, the rice brothers did back before the company took off. Anyone could have drilled those areas and had good results.

That said, the proof will be in the pudding. If the employees are SO good, then they will land at EQT. If not, then they are part of th fat being trimmed. We will wait and see. The numbers will not lie. Fwiw, I too have heard only 10-20% of rice folks to be retained.

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Post ID: @2zln+PrQxWDF

You heard they were impressed but not many will be retained?!?! Ok. Obviously not.

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Post ID: @2aig+PrQxWDF

I am tired of waiting. I hope to get cut the first round after the close. No sense in dragging this out any longer.

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Post ID: @1ett+PrQxWDF

I have heard they were impressed. Also that it wont be till November at earliest to close and also there will be many who will not be retained. Layoffs done in two phases.

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Post ID: @1dlc+PrQxWDF

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