Exploration & Production | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update
Rex Begins Upper Devonian /Marcellus Stacked Test; Q1 Update
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Rex Energy Corp. has reported a 1Q operational update on its Appalachian activities.
Note: Unless specifically stated otherwise in this operational update, all numbers are gross and all well results assume full ethane recovery.
Appalachian Basin – Butler Operated Area, PennsylvaniaIn the Butler Operated Area, the company drilled five gross (3.5 net) wells in the first quarter of 2014, with 14.0 gross (9.8 net) wells fracture stimulated and four gross (2.8 net) wells placed into service. The company had two gross (1.4 net) wells drilled and awaiting completion as of March 31, 2014.
The company has completed the three-well Schilling pad and the wells have been shut-in for a 30-day resting period. The three wells were drilled with an average lateral length of approximately 5,800 feet and…
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