Improved well design in Warrior North results in increased EURs and rate of returns In Warrior North, placed four-well Vaughn pad into sales; 5-day average sales rate per well of 1.5 Mboe/d and 65% liquids Liquids production accounted for 44% of total commodity revenues for the fourth quarter of 2016 Realized C3+ NGL pricing for fourth quarter of [...]
STATE COLLEGE, Pa., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release fourth quarter and full-year 2016 financial and operational results on Tuesday, March 7, 2017 after market close. Management will host a live conference call and webcast on Wednesday, March 8, 2017 at 10 a.m. ET to review fourth [...]
Fourth quarter 2016 production growth of 12% year-over-year, driven by a 22% year-over-year growth in liquids production Full-year 2016 production of 195.3 MMcfe/d, a year-over-year increase of six percent; December 2016 exit rate production of ~200.0 MMcfe/d represents an increase of ~9% as compared to December 2015 exit rate production With Gulf [...]
STATE COLLEGE, Pa., Jan. 17, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“the company”) today announced its two-year financial and operational plan and provided a financial update. Highlights: Expect capital spend in 2017 and 2018 to be aligned with cash flow from operations and asset sales Debt-to-EBITDAX reduction of [...]
STATE COLLEGE, Pa., Jan. 11, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“Rex Energy”) today announced that it has closed on the previously announced sale of its Ohio Utica Warrior South assets to Antero Resources Corp. (“Antero”). The sale of the Warrior South assets includes 14 gross wells and approximately [...]
STATE COLLEGE, Pa., Jan. 04, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“Rex Energy”) today announced that it entered into a purchase and sale agreement with Antero Resources Corp. (“Antero”) pursuant to which Antero will acquire the company’s Ohio Utica assets in the Warrior South Area. Rex Energy is [...]
STATE COLLEGE, Pa., Dec. 13, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“Rex Energy”) today announced that Nasdaq has notified the company that it has accepted Rex Energy’s request for continued listing on the Nasdaq Capital Market. In addition, the company has been granted an additional extension through June 12 [...]
In Moraine East, placed three Marcellus wells on the Fleeger II pad into sales; 24 hour sales rate of 10.4 MMcfe/d; 56% liquids Gulf Coast transport online November 1, 2016; moving 130,000 Mmbtu per day of natural gas from Butler Operated Area to Gulf Coast and Midwest premium markets Production from continuing operations of 197.8 MMcfe/d, an 8 [...]
STATE COLLEGE, Pa., Oct. 24, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release third quarter 2016 financial and operational results on Tuesday, November 8, 2016 after market close. Management will host a live conference call and webcast on Wednesday, November 9, 2016 at 10 a.m. ET to review third quarter [...]
STATE COLLEGE, Pa., Oct. 03, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“the company”) announced that its bank group has reaffirmed the existing $190 million borrowing base under the company’s senior secured credit facility. The company’s next borrowing base redetermination is scheduled to occur in April 2017 [...]
STATE COLLEGE, Pa., Sept. 12, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on its Appalachian Basin operations. Operational Update Moraine East Area Joint Development Agreement The company’s joint development partner, Benefit Street Partners L.L.C. (“BSP”) has elected into the next four wells in [...]
STATE COLLEGE, Pa., Aug. 22, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“Rex Energy”) announced today that it has closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. The sale of the Illinois Basin assets includes approximately 76,000 net acres in Illinois, Indiana and [...]
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