STATE COLLEGE, Pa., July 29, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) is pleased to announce Todd N. Tipton has joined the company's Board of Directors. Mr. Tipton has over 35 years of experience in the oil and gas industry. Most recently, he served as Executive Vice President of Exploration for SandRidge Energy, Inc. where he was [...]
STATE COLLEGE, Pa., July 9, 2013 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced 5-day sales rates from its first three Warrior South Prospect wells in the Ohio Utica. The Noble 1H, located in Noble County, Ohio, was placed into sales from its resting period at a five-day sales rate (excluding downtime) of 1,783 Boe/d (43% NGLs [...]
The G. Graham 1H, located in Carroll County, Ohio, was placed into sales from its 60-day resting period and produced at a five-day sales rate of 1,710 Boe/d (41% NGLs, 30% gas, 29% condensate), assuming full ethane recovery and a natural gas shrink of 36%. The well went on to average a 30-day sales rate of 1,256 Boe/d (46% NGLs, 33% gas, 21 [...]
Operating revenues from continuing operations for the three months ended March 31, 2013 were $47.5 million, which represents an increase of 40% over the same period in 2012 and an increase of 5% over the fourth quarter of 2012. Commodity revenues, including cash-settled derivatives, were $44.6 million, an increase of 26% over the comparable period [...]
Rex Energy announced today that it has priced an offering of an additional $100 million in aggregate principal amount of 8.875% senior notes due 2020 in a private offering. The Senior Notes are being issued at an issue price of 105% of par plus accrued interest from December 12, 2012. The Senior Notes are being offered as additional notes to the [...]
Rex Energy announced today that it intends to offer an additional $100 million in aggregate principal amount of 8.875% senior notes due 2020 (the "Senior Notes") in a private placement, subject to market conditions. The company originally offered and sold $250 million in aggregate principal amount of the Senior Notes on December 12, 2012. The [...]
Rex Energy today announced first quarter 2013 production volumes of 75.3 MMcfe/d, consisting of 53.2 MMcf/d of natural gas and 3.7 Mboe/d of oil, condensate and NGLs, an increase of 24% over the first quarter of 2012 and 2% over the fourth quarter of 2012. Oil and NGLs accounted for 29% of net production during the first quarter of 2013. First [...]
Rex Energy announced today that it has entered into an amended and restated credit agreement to expand its borrowing base under the company's senior secured credit facility from $240 million to $325 million. In addition, the company has extended the maturity of the senior secured credit facility from September 2015 to March 2018. Commitments by the [...]
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