Quarterly / Earnings Reports | Production | Third Quarter (3Q) Update
Rex Marks a 14% Production Increase YOY; 194.3 MMcfe/d
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Rex Energy Corporation announced third quarter 2015 production volumes and price realizations.
Rex Energy's third quarter 2015 production was 194.3 MMcfe/d, an increase of 14% over the third quarter of 2014 and a decrease of 6% from the second quarter of 2015. Net production consisted of 116.6 MMcf/d of natural gas and 12.9 Mboe/d of oil and NGLs (including 4.6 Mboe/d of ethane). Oil and NGLs (including ethane) accounted for 40% of net production during the quarter.
The quarter over quarter decrease in net production resulted from intermittent capacity constraints for ethane volumes; the shut in of a Warrior South well to address an operational condition; and increased deployment of capital and development efforts in the Moraine East Area during the quarter while the Bluestone II…
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