Exploration & Production | Drilling / Well Results | Top Story
Rex Energy Moves Marcellus, Utica Wells into Production
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Rex Energy Corporation has provided an update on both its Appalachian Basin operations as well as its second quarter 2014 production.
Butler Operated Area -- MidstreamIn June, the company placed five additional wells into sales once the necessary gathering infrastructure was in place. In total, the company has now placed 10 of the 11 wells previously completed and awaiting processing capacity into sales and expects to place the one remaining well into sales early in the third quarter of 2014. In addition, the company commenced ethane sales on June 11, 2014, which was a slight delay from the company's expected first ethane sales date. Since commencing ethane sales, the company has averaged approximately 1,000 bbls/d of ethane sales for the remainder of June. The company expects to sell…
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