Drilling and Production Programs Continue as Usual, with DIP Financing Commitment of $100 million in Place STATE COLLEGE, Pa., May 18, 2018 /PRNewswire/ -- Rex Energy Corp. , an independent oil and gas exploration and production company, today announced that, following its previously announced strategic review, it has decided to begin an orderly [...]
STATE COLLEGE, Pa., March 14, 2018 -- Rex Energy Corp. today announced that it entered into a Purchase and Sale Agreement with XPR Resources, LLC pursuant to which the Company has agreed to sell to XPR certain of its non-operated oil and gas interests in Westmoreland, Centre and Clearfield Counties, Pennsylvania, along with associated production [...]
Realized natural gas prices improved 67%, before hedging, as compared to the full-year 2016 Realized C3+ NGL pricing for fourth quarter of 2017 was 72% of WTI before hedging Previously announced four-well Wilson Pad produced at an average 30-day sales rate per well, assuming full ethane recovery, of 10.0 MMcfe/d Three-well Jenkins Pad produced at [...]
STATE COLLEGE, Pa., Jan. 23, 2018 -- Rex Energy Corp. today announced that it has appointed Curt Walker, the Company’s current Chief Accounting Officer, to the position of Chief Financial Officer, effective immediately. Mr. Walker will be responsible for all financial, accounting and treasury functions, as well as other related duties. Mr [...]
STATE COLLEGE, Pa., Jan. 19, 2018 -- Rex Energy Corp. today announced that the Board of Directors of Rex Energy Corp. has declared a quarterly dividend of $150.00 per share of its 6.0% Series A convertible perpetual preferred stock . As a result, on February 15, 2018, a dividend of $1.50 per depository share, each representing a 1/100th interest in [...]
STATE COLLEGE, Pa., Nov. 14, 2017 -- Rex Energy Corp. today announced its third quarter 2017 financial and operational results. In Butler Legacy, placed four-well Wilson pad into sales; initial 24-hour average sales rate per well of ~10.9 MMcfe/d In Moraine East, the two-well Frye pad produced at an average 30-day sales rate per well of 8.5 MMcfe/d [...]
STATE COLLEGE, Pa., Nov. 02, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release third quarter 2017 financial and operational results on Tuesday, November 14, 2017 after market close. Management will host a live conference call and webcast on Wednesday, November 15, 2017 at 10 a.m. ET to review third quarter [...]
STATE COLLEGE, Pa., Oct. 19, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced that the Board of Directors of Rex Energy Corp. has declared a quarterly dividend of $150.00 per share of its 6.0% Series A convertible perpetual preferred stock (the “Preferred Stock”). As a result, on November 15, 2017, a dividend of [...]
Two-well Frye Pad produced at an average 24-hour sales rate per well of 9.4 MMcfe/d with 57% liquids production Third quarter production expected to be at the high end of guidance range STATE COLLEGE, Pa., Oct. 11, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on its Butler Operated Area operations. Operational [...]
STATE COLLEGE, Pa., Sept. 18, 2017 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Rex Energy Corp. (NASDAQ:REXX), please note that in the last sentence of the fourth paragraph, it should read "3.9 MMcf/d" rather than "2.6 MMcf/d" and that in the first chart, first column, second entry it should read "3,864" rather [...]
STATE COLLEGE, Pa., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update for its Moraine East Area operations. Operational Update Six-Well Shields Pad The company has placed the six-well Shields pad into sales, consisting of five Marcellus wells and one Upper Devonian Burkett well. The Shields wells were [...]
New BP Energy Company marketing arrangement enhances C3+ pricing structure and stabilizes cash flows on a quarter-to-quarter basis New marketing arrangement allows Rex to reduce outstanding letters of credit by $14.1 million, creating additional liquidity Sale of water line in Warrior North adds ~$8.0 million of liquidity 2017 and 2018 natural gas [...]
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