Exploration & Production | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates | Forecast - Production | Capital Markets | Capital Expenditure
Low Prices Won't Stop Top Marcellus Operator from Adding 2 Rigs in 2015
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Rex Energy Corporation has provided its preliminary third quarter 2014 production results, increased its full year 2014 production guidance and announced the date of its third quarter 2014 earnings release and conference call.
Production Update Third quarter 2014 production volumes were 169.7 MMcfe/d, an increase of 72% over the third quarter of 2013 and 32% over the second quarter of 2014, consisting of 107.0 MMcf/d of natural gas and 10.4 Mboe/d of oil, condensate and NGLs (including 2.6 Mboe/d of ethane). Oil, condensate and NGLs (including ethane) accounted for 37% of net production during the third quarter and increased 61% sequentially over the second quarter of 2014. Production from oil and condensate reached a record level of 3.3 Mboe/d, an increase of 20% over the second…Finish this article — free account or subscription
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