STATE COLLEGE, Pa., Aug. 12, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. ("Rex Energy") (Nasdaq:REXX) announced that it intends to offer, subject to market conditions, 1.25 million depositary shares, each representing a 1/100th interest in a share of convertible perpetual preferred stock, Series A ( the " Series A Convertible Preferred Stock") with a [...]
Record quarterly production of 128.8 MMcfe/d, represents a 50% year-over-year increase Average daily production from oil and NGLs reached a record level of 6.5 MBoe/d, a 5% increase over the first quarter of 2014 Year-to-date EBITDAX of $93.1 million, a 57% year-over-year increase Recently completed the five-well Ferree pad, the company's second [...]
Three-well Shipley pad produced at an average 5-day sales rate per well of 8.2 MMcfe/d, the highest average 5-day sales rate of any wells to date in the Butler Operated Area Production curtailments in the Butler Operated Area have been resolved; daily production has increased approximately 23% over the second quarter 2014 exit rate Commenced [...]
Estimated mid-year 2014 proved reserves reach 1,057.8 Bcfe, highest level in company's history PV-10 of approximately $1.0 billion represents a 56% increase over year-end 2013 PV-10 Increased acreage position in the Butler Operated Area by ~ 2,200 net acres since year-end 2013 Butler Operated Area well costs decreased by ~7% during first half of [...]
STATE COLLEGE, Pa., July 14, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) announced today that it has priced an offering of $325 million aggregate principal amount of its 6.25% senior notes due 2022 (the "Senior Notes") at an issue price of 100% of the aggregate principal amount of the Senior Notes. The offering was upsized from the [...]
STATE COLLEGE, Pa., July 14, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) announced today that it intends to offer $250 million in aggregate principal amount of senior notes due 2022 (the "Senior Notes") in a private placement, subject to market conditions. The company intends to use the net proceeds from the offering of the Senior Notes [...]
STATE COLLEGE, Pa., July 7, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today provided an update on both its Appalachian Basin operations as well as its second quarter 2014 production. Butler Operated Area – Midstream In June, the company placed five additional wells into sales once the necessary gathering infrastructure was in [...]
STATE COLLEGE, Pa., June 2, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced that it has begun flowing gas into MarkWest Energy Partners, LP (NYSE:MWE) ("MarkWest") Bluestone II processing facility. Rex Energy began flowing gas into the Bluestone II facility on May 19, 2014. Once fully commissioned, the expanded facility [...]
STATE COLLEGE, Pa., April 29, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced the execution of two separate binding Precedent Agreements with Dominion Transmission, Inc. ("Dominion") and Texas Gas Transmission, LLC ("Texas Gas"), respectively, to transport natural gas volumes from Rex's Butler Operated Area in Butler County [...]
Record quarterly production of 122.2 MMcfe/d, exceeds high-end of production guidance by 4% Average daily production from oil and NGLs reached a record level of 6.2 MBoe/d, a 9% increase over the fourth quarter of 2013 First quarter EBITDAX reached $49.1 million, highest level in company history and a 21% increase over the fourth quarter of 2013 [...]
STATE COLLEGE, Pa., April 15, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced plans to release first quarter 2014 financial and operational results on Tuesday, April 29, 2014 after market close. Management will host a live conference call and webcast on Wednesday, April 30, 2014 at 10 a.m. ET to review first quarter [...]
STATE COLLEGE, Pa., April 8, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corp. (Nasdaq:REXX) today announced 5-day sales rates from its three-well Ocel pad in the company's Warrior North Prospect. The three-well Ocel pad, located in Carroll County, Ohio, was placed into sales from its resting period at an average five-day sales rate per well (excluding [...]