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Rex Hits 154.4 MMcfe/d in Production; Talks 4Q Well Results
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Rex Energy Corporation announced its fourth quarter and full year 2014 operational and financial results.
Highlights: Record annual average daily production of 154.4 MMcfe per day, an increase of 66% over 2013 Total proved reserves increased 57% to 1.3 Tcfe Drill-bit finding and development cost of $0.67/Mcfe Ended 2014 with approximately $420 million of liquidityRex Energy had another year of successfully executing its strategy of improving performance, and increasing production and proved reserves through the drill-bit. Rigorous focus on cost control and operations has resulted in the company being among the best in the Marcellus on efficiently replacing reserves with low finding and development costs.
Production for 2014 averaged 154.4 MMcfe/d per day, a 66% increase over 2013…
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