Well Lateral Length | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | IP Rates-30-Day | Production Rates | Initial Production Rates | Drilling Activity
Rex Grows Output 22% YOY to 195.3 MMcfe/d; Two Wells Flow into Sales
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Rex announced fourth quarter and full-year 2016 production and estimated pricing and provided an operational update.
Highlights: Fourth quarter 2016 production growth of 12% year-over-year, driven by a 22% year-over-year growth in liquids production Full-year 2016 production of 195.3 MMcfe/d, a year-over-year increase of six percent; December 2016 exit rate production of ~200.0 MMcfe/d represents an increase of ~9% as compared to December 2015 exit rate production With Gulf Coast transport beginning in November 2016, natural gas basis differentials averaged ~$0.50 off of the NYMEX price for November and December 2016 For the fourth quarter of 2016, C3+ NGL pricing, before the effects of cash-settled derivatives, was ~56% of WTI and ~52% after the effects of cash-settled derivatives In…- ✓ Full news archive — U.S., Canada & international coverage
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