Operational Updates
Rex Energy Highlights Marcellus, Utica Producion in Q3
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Rex Energy Corporation has reported its third quarter 2012 operational and financial results as well as fourth quarter guidance.
Production UpdateThird quarter 2012 net production volumes were 71.1 MMcfe/d, consisting of 52.9 MMcfe/d of natural gas and 3.0 MBoe/d of oil and NGLs, an increase of 63% over the third quarter of 2011 and 14% over the second quarter of 2012. Oil and NGLs accounted for 26% of total net production during the third quarter of 2012. As previously reported, production for the quarter was constrained by an estimated 2.4 MMcfe/d due to processing constraints at the Bluestone cryogenic gas processing complex in Butler County, Pennsylvania.
Including the effects of cash-settled derivatives, realized prices for the three months ended September 30, 2012 were $89.00 per…
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