Exploration & Production | Well Lateral Length
Rex Energy Reports Improved Marcellus Production
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Rex Energy Corporation, announced its second quarter 2012 operational and financial results as well as third quarter 2012 guidance.
Second Quarter Operational and Financial Results
Operating revenues from continuing operations for the three and six months ended June 30, 2012 were $30.3 million and $64.1 million, respectively, which represents an increase of 4% and 23% over the same periods in 2011. Commodity revenues, including cash-settled derivatives, were $33.0 million and $68.3 million for the three and six months ended June 30, 2012, an increase of 13% and 29%, respectively, over the comparable periods of 2011. Commodity revenues from oil and natural gas liquids (NGLs) represented 63% and 64% of total revenues for the three and six months ended June 30, 2012, respectively.
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