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Rex Reports IP24 of 10.9 Mmcfe/d in Butler Legacy; Hits Production of 182 Mmcfe/d in Q3
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[Summary: Rex Energy reported its Q3 results. Highlights include:
Recorded average daily production of 182 mmcfe/d including 112 mmcf/d of natural gas and 5.1 mbbls/d of NGLs in Q3 Capital expenditures in Q3 were $25.1 million Operational Update Butler LegacyRex reported that it placed on to sales the 4 well Wilson Pad which had an average IP24 of 10.9 mmcfe/d. These wells had an average lateral length of 9,300 feet and the wells were completed with an average of 51 stages.
Moraine East
In its Moraine East asset, the company reported that it drilled 4 gross (4 net) wells, completed 6 gross (3.4 net) wells, and placed into sales 12 gross (6.5 net) wells during the quarter. At the end of Q3, there were 7 gross (5.5 net) wells awaiting completion.
Additionally, the Rex announced that its 2…
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