Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Key Wells | Capital Markets | Capital Expenditure
Rex Adjusts Marcellus, Utica Economics as Well Results Improve
Print
|
Rex Energy Corporation has reported its third quarter 2014 operational and financial results.
Highlights: Record quarterly production of 169.7 MMcfe/d represents a 72% year-over-year increase over the third quarter of 2013 Improved well-level economics in the Butler Operated Area demonstrates continued operational success Placed the Reno 1H into sales at an average 5-day sales rate of 10.6 MMcfe/d, the highest rate on a per lateral foot basis of any well drilled in the Butler Operated Area Five-well Ferree pad, the second test of stacked Upper Devonian Burkett/Marcellus laterals, produced into sales at an average 5-day rate per well of 8.3 MMcfe/d from an average lateral length of 5,500' Over $480 million of liquidity as of September 30, 2014; pursuing a strategic partner for the…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in