ACG Pittsburgh 2023 April Program

Toby Z. Rice is President and Chief Executive Officer of EQT, the largest natural gas producer in the United States. As an influencer and champion for the energy industry, Mr. Rice has been a strong proponent of unleashing American energy to provide energy security and independence here in the United States and to our allies around the world, while also achieving our ambitious climate goals.

Professional Experience

Mr. Rice was named President and Chief Executive Officer of EQT in July 2019, after leading a successful proxy campaign to take over control of the company. At that time, he was also elected to EQT’s Board of Directors. Under Mr. Rice’s leadership, EQT has reduced GHG emissions by 35% and achieved one of the lowest methane intensities of any natural gas producer in the world. In addition, the Company has set the most aggressive net zero goal in the industry, pledging to achieve net zero Scope 1 and 2 greenhouse gas (GHG) emissions in its Production segment operations by or before 2025. Mr. Rice has also led EQT to achieve 50% female representation on its Board of Directors.

Since May 2018, Mr. Rice has also served as a Partner at Rice Investment Group, a multi-strategy fund investing in all verticals of the oil and gas sector, including the largest renewable natural gas company.

Prior to being appointed EQT CEO, Mr. Rice served as President, Chief Operating Officer and a member of the Board of Directors of Rice Energy. Previously, he served in a number of positions with Rice Energy, its affiliates and predecessor entities.

Mr. Rice has spoken at an array of energy conferences and seminars including CERA Week, Financial Times: Energy Source Live, Shale Insight and DUG East. In addition, he has served as an energy industry analyst appearing on CNN, CNBC, Bloomberg TV, Fox Business and Fox News.

Education
Mr. Rice graduated from Rollins College in 2004 with a Bachelor of Science degree in Chemistry.

Industry/Community Leadership
Mr. Rice serves on the board of the Bipartisan Policy Center’s American Energy Innovation Council. He is also a member of the American Exploration and Production Council’s Executive Committee.

Additionally, Mr. Rice serves on the board of the EQT Foundation, which is committed to supporting the education and training of children and adults; the development of diverse, livable communities; and preserving our natural environments.
 

Rachel Allen is the general counsel for Encentiv Energy and Microbac Technologies Inc. She was formerly a partner with Jones Day where she practiced in the areas of private equity, mergers and acquisitions, general corporate, transactional, securities law, and corporate counseling. She has extensive experience in mergers, acquisitions, divestiture activity, corporate restructurings, capital formations, joint ventures, strategic alliances, and venture capital transactions. Her experience in these areas includes extensive work in certain highly regulated industries such as energy and health care.

Prior to rejoining Jones Day, Allen served as vice president, general counsel, and new business development officer for DQE Enterprises, an affiliate of DQE Inc., which invested in and developed businesses in the energy services and technologies and electronic commerce industries.

Allen has been listed in Chambers USA, the guide to America's leading lawyers for business. She serves and has served on a number of boards, including H Power Corp., The Women's Center & Shelter of Greater Pittsburgh, Neighborhood Legal Services, Alpha Chi Omega Foundation, Sewickley Academy, Community College of Allegheny County Educational Foundation, Catholic Charities, and Brother's Brother Foundation. She also served as chairperson of the Three Rivers Venture Fair in 2005.