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Rice Investment Group


Rice Investment Group (RIG) is a $200 million multi-strategy fund investing in all verticals of the oil and gas sector with a focus on partnering where our operational, technical, and strategic experience add value. Led by the former Rice Energy management team, the RIG team has a highly complementary and diverse skill-set.

RIG seeks to invest between $1 million to $40 million across the capital stack in the upstream, midstream, oilfield services, and energy technology sectors.  RIG can invest passively alongside an existing sponsor-management team or actively as lead financial sponsor.

Headquarters Address

102 East Main Street, Second Story
Carnegie, PA 15106
United States


Cold Bore Technology Closes $14 Million Financing

Along with this investment from bp ventures, bp will be deploying Cold Bore’s SmartPAD in bpx energy’s U.S. onshore operations.

LandGate: The ‘Zillow’ of Land Resources

LandGate’s open marketplace enables the buying and selling of land resources and automated valuations from parcels to large assets.

Investing in Energy’s Digital Future Will Deliver Long-Term Returns

Developing a strategic road map for the digital transformation awards significant value for energy companies.

Cold Bore Technology to Begin Beta Testing ‘Frac Action’ Software

Cold Bore Technology said its new Frac Action graphing software allows frac operators, for the first time, to overlay high resolution, real-time stage frac data onto that of multiple previous stages.

Top Bakken Producer Turns To Cold Bore SmartPAD To Digitize Completion Operations

Cold Bore Technology Inc., a leader in fracking completion optimization technology that secured its second round of funding by Rice Investment Group back in 2018, said Jan. 22 that one of the largest oil producers in North Dakota’s Bakken Formation has integrated the company’s proprietary SmartPAD technology.

EQT Appoints CONSOL Energy’s David Khani As CFO

The appointment completes the transformation Appalachian shale gas giant it undertook after the company’s former management team was replaced last year following an activist investor takeover led by Toby Z. Rice.

Rice Brothers Boost Investment In Fracking Software Company

Rice Investment Group, formed by Daniel, Toby and Derek Rice, made its initial investment in the fracking software company Cold Bore in October 2018.

Gas-Fired PowerGen: Natgas & The Renewables

While non-hydro renewable-derived electricity’s share of the power grid has grown, natural gas’ share is growing by more—and as power demand itself has risen.

EQT’s Largest Shareholder Sides With Rice Team In Proxy Fight

T. Rowe Price, which owns 10% of EQT, said it intends to vote for the slate of nominees of Rice brothers, Toby and Derek, at the shale gas producer’s annual shareholders meeting.

Toby Rice Says EQT’s Turnaround Dependent On His Board Takeover Plan

EQT has said the company is improving across its financial parameters and that the Rice challenge—led by Toby—is based on inflated projections and outdated market conditions.

Rice Brothers Reduce Their EQT Director Nominees To Seven From Nine

EQT Corp. shareholders Rice brothers said on Thursday they will reduce their director nominees to the company's board from nine to seven, after EQT decided to replace three long-serving directors.

Rice Energy Founder Launches Lawsuit Against EQT

EQT CEO Rob McNally told Reuters the Rice lawsuit was timed to distract the market from EQT’s first-quarter earnings, which he described as “a good set of results from the company.”

A&D Trends: Buck Rogers Vs. Michael Corleone

The beginning of February brought a sense of just how off-kilter 2019 is setting out to be.

Rice Brothers Unveil EQT Board Nominations As Spat Continues

The nominations are a part of Toby and Derek Rice’s plan to take control of EQT and fully realize what they say was the promised potential of the company’s acquisition of Rice Energy.

Things Get ‘Awkward’ For Rice Brothers Thanks To EQT Feud

Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.