Exploration & Production | Drilling / Well Results | Top Story | General
Rex Flows Marcellus Butler Wells to Sales; Hits Midstream Constraints
Print
|
Rex Energy Corporation has provided an update on its Butler Operated Area operations, announced its third quarter 2014 production guidance and increased its previously announced production guidance for 2014.
Highlights: Three-well Shipley pad produced at an average 5-day sales rate per well of 8.2 MMcfe/d, the highest average 5-day sales rate of any wells to date in the Butler Operated Area Production curtailments in the Butler Operated Area have been resolved; daily production has increased approximately 23% over the second quarter 2014 exit rate Commenced incremental ethane sales in Butler Operated Area; currently selling ~ 5,000 bbls/d from the Appalachian Basin Third quarter 2014 average daily production expected to increase by approximately 26% at midpoint of guidance over second…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in