STATE COLLEGE, Pa., March 31, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) announced today that its bank group has unanimously voted to increase the company's borrowing base under the company's senior secured credit facility by 15% from $325 million to $375 million. In addition, the commitments by the bank group under the facility were [...]
STATE COLLEGE, Pa., March 26, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on both its Appalachian Basin operations as well as its first quarter 2014 production. Appalachian Basin – Butler Operated Area, Pennsylvania In the Butler Operated Area, the company has recently added a second rig to its drilling [...]
Average daily production from oil and NGLs reached a record level of 5.7 MBoe/d, a 7% increase over the third quarter of 2013 Fourth quarter adjusted EBITDAX reached $40.7 million, the highest level in company history Increased proved reserves at December 31, 2013 by 37% over December 31, 2012; Appalachian Basin drill-bit F&D of $0.70/Mcfe for [...]
STATE COLLEGE, Pa., Feb. 3, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. ("Rex Energy") (Nasdaq:REXX) today announced its total estimated proved oil, NGL and natural gas reserves as of December 31, 2013. Estimated Proved Reserves Rex Energy reported proved oil and natural gas reserves as of December 31, 2013 of 849.8 Bcfe, an increase of 37% over [...]
Fourth quarter 2013 average daily production reached a record level of 110.4 MMcfe/d, an increase of 12% over third quarter 2013 and 49% over fourth quarter 2012 Total production in 2013 grew by approximately 38% over 2012 2014 production from liquids expected to increase by approximately 16% as compared to 2013 Placed into sales the six-well [...]
STATE COLLEGE, Pa., Dec. 6, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on its operations. Appalachian Basin – Warrior South Prospect The five-well J. Anderson pad, located in Guernsey County, Ohio, was placed into sales from its resting period at an average five-day sales rate per well (excluding [...]
Average daily production from oil and NGLs reached a record level of 5.3 MBoe/d, a 21% increase over the second quarter of 2013 Completed fourth Upper Devonian well, the Stebbins 2H; produced 5.5 MMcfe/d from a lateral length of only 2,825 feet, which equates to 7.8 MMcfe/d when adjusted to a 4,000 foot lateral Completed fifth total and second [...]
STATE COLLEGE, Pa., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (the "Company") today announced that it has completed its offer to exchange up to $350 million aggregate principal amount of its 8.875% Senior Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for up to [...]
STATE COLLEGE, Pa., Oct. 22, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release third quarter 2013 operational results on Tuesday, November 5, 2013 after market close. Management will host a live conference call and webcast on Wednesday, November 6, 2013 at 10 a.m. ET to review third quarter financial results [...]
STATE COLLEGE, Pa., Sept. 27, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced that it has commenced a registered exchange offer to exchange up to $350 million aggregate principal amount of its 8.875% Senior Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes"), for up [...]
STATE COLLEGE, Pa., Sept. 23, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) announced today that it has secured interim processing capacity for its production in its Warrior North Prospect, following the fire that damaged the Blue Racer Natrium Processing Facility on Saturday, September 21, 2013. Rex Energy does not expect third quarter [...]
Average daily production from oil and NGLs reached a record level of 4.4 MBoe/d Placed into sales the two-well Brace West pad in the Warrior North Prospect; combined 5-day sales rate of 2.7 Mboe/d with 745 BOPD condensate and a combined 25-day rate of 2.3 Mboe/d with 680 BOPD condensate; average 72% liquids Completed first "Super Rich" Upper [...]