Production from continuing operations of 199.1 MMcfe/d, a 2% increase year-over-year; production from full operations of approximately 209.0 MMcfe/d Placed three-well Goebeler pad into sales in Warrior North Prospect - 24-hour sales rate of 2.1 Mboe/d; 72% liquids G&A per Mcfe and cash G&A per Mcfe reduced by 36% year over year to $0.27 and $0.20 [...]
STATE COLLEGE, Pa., July 25, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release second quarter 2016 financial and operational results on Tuesday, August 2, 2016 after market close. Management will host a live conference call and webcast on Wednesday, August 3, 2016 at 10 a.m. ET to review second quarter [...]
STATE COLLEGE, Pa., July 25, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (NASDAQ:REXX) (“company”) announced today that it has entered into an exchange agreement with a fund managed by a certain holder (“holder”), pursuant to which the holder agreed to exchange $43.5 million aggregate principal amount of the company’s [...]
STATE COLLEGE, Pa., July 05, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“the company”) today announced that it has completed its offer to exchange up to $631,458,573 aggregate principal amount of its 1.00%/8.00% Senior Secured Second Lien Notes due 2020, which have been registered under the Securities Act of 1933, as [...]
STATE COLLEGE, Pa., July 05, 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, inclusive of the previously announced sale of the Illinois Basin asset. “I would like [...]
STATE COLLEGE, Pa., June 21, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on its Moraine East Joint Development Agreement and Appalachian Basin operations. Operational Update Moraine East Area Joint Development Agreement In the Moraine East Area, the company’s joint development partner, Benefit Street [...]
STATE COLLEGE, Pa., June 14, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) (“Rex Energy”) today announced that it entered into a purchase and sale agreement with Campbell Development Group, LLC (“Campbell”) pursuant to which Campbell will acquire the company’s Illinois Basin assets. Rex Energy is selling its [...]
STATE COLLEGE, Pa., June 01, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced that it has commenced a registered exchange offer to exchange up to $631,458,573 aggregate principal amount of its 1.00%/8.00% Senior Secured Second Lien Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the [...]
Closed joint development agreement with Benefit Street Partners Exchanged $633 million of Senior Unsecured Notes into 2nd Lien Notes Exchanged $27 million of senior unsecured notes and $13.8 million in face value of preferred stock for common stock in April 2016 Increased production by 7% compared to 4Q15 to 200.0 MMcfe/d Reduced cash G&A/Mcfe to [...]
STATE COLLEGE, Pa., May 02, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release first quarter 2016 financial and operational results on Tuesday, May 10, 2016 after market close. Management will host a live conference call and webcast on Wednesday, May 11, 2016 at 10 a.m. ET to review first quarter financial [...]
STATE COLLEGE, Pa., April 25, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) announced that it has closed two privately negotiated exchange transactions with certain holders of the company’s securities, including the 8.875% Senior Notes due 2020 (“2020 Notes”), the 6.250% Senior Notes due 2022 (“2022 Notes&rdquo [...]
STATE COLLEGE, Pa., April 11, 2016 (GLOBE NEWSWIRE) -- INEOS Europe AG and Rex Energy Corp. (Nasdaq:REXX) have announced a new natural gas liquids sale and purchase agreement covering ethane, propane and butane. The natural gas liquids will be transported through the Mariner East infrastructure and exported by sea to INEOS’ European cracker [...]
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