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Rex Plans More Completions at Marcellus, Utica Pads in 2Q
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Rex Energy Corporation announced its first quarter 2016 operational and financial results.
Key Points: Drilled two gross (0.7 net) wells, fracture stimulation of five gross (three net) wells, placing 16.0 gross (8.1 net) wells into sales In addition, the company drilled the three-well Goebeler pad with an average lateral length of approximately 7,360 feet. The wells are currently being completed and are expected to be placed into sales during the second quarter of 2016. Following the completion of the Goebeler pad, the company will begin completion operations on the two-well Perry pad. Closed joint development agreement with Benefit Street Partners Exchanged $633 million of Senior Unsecured Notes into 2nd Lien Notes Exchanged $27 million of senior unsecured notes and $13.8 million in…- ✓ Full news archive — U.S., Canada & international coverage
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