Exploration & Production | Well Cost | Well Lateral Length | Top Story | Production | Proppant | IP Rates-24 Hour | Initial Production Rates | Hedging | Capital Markets
Rex Adds to Hedge Positions for 2015; Updates Ops
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Rex Energy Corporation provided an operational update on the company's Appalachian Basin operations and announced fourth quarter 2014 and full year 2014 production volumes and price realizations.
Highlights: Development drilling has commenced in Moraine East Area Placed into sales the six-well J. Hall pad at an average 24-hour sales rate of 2.4 Mboe/d with 64% liquids Achieved well cost reduction of ~ 5% in Butler Operated Area; additional 3% - 5% expected in mid-year 2015 Fourth quarter 2014 average daily production reached a record level of 196.0 MMcfe/d, exceeding the high end of guidance Average daily production from oil, condensate and NGLs (including ethane) reached a record level of 12.1 Mboe/d in fourth quarter 2014, a 16% increase over the third quarter of 2014 Strong liquidity…Finish this article — free account or subscription
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