Exploration & Production | Top Story | Quarterly / Earnings Reports
Rex Energy 3Q Marcellus Shale Results; Impressive
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Rex Energy Corporation has reported its third quarter 2013 operational and financial results.
Highlights: Average daily production from oil and NGLs reached a record level of 5.3 MBoe/d, a 21% increase over the second quarter of 2013 Completed fourth Upper Devonian well, the Stebbins 2H; produced 5.5 MMcfe/d from a lateral length of only 2,825 feet, which equates to 7.8 MMcfe/d when adjusted to a 4,000 foot lateral Completed fifth total and second “Super Rich” Upper Devonian well, the Perry Township 1HD; produced 1,314 BTU gas with 55% liquids Two-well Lynn N&S pad produced into sales at a combined 5-day rate of 13.9 MMcfe/d from an average lateral length of only 2,762 feet, which equates to 20.1 MMcfe/d combined when adjusted to a 4,000 foot lateral Completing 6-well Baillie Trust pad…Finish this article — free account or subscription
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