Exploration & Production | Deals - Joint Ventures | Top Story | Quarterly / Earnings Reports | Deals - On The Market | First Quarter (1Q) Update
On The Market : Water Management Business
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Rex Energy Corporation announced first quarter 2015 production and provided an update on its asset strategy.
Highlights: First quarter 2015 production of 196.0 MMcfe/d Monetization of water service subsidiary expected to close by end of second quarter 2015 Pursuing monetization or joint venture structure on operated Illinois Basin assets Asset Strategy UpdateAs previously announced, Rex Energy is pursuing the monetization of its 60% ownership interest in Keystone Clearwater Solutions, the company's water service subsidiary. The sale process is on track as expected and the company is encouraged by the interest that has been expressed in Keystone Clearwater Solutions.
In addition, the company has engaged Evercore Group L.L.C. as a financial advisor to pursue the potential monetization or…
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