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Rex Talks Q4 Production, Drilling Activity
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Rex Energy reported its full year 2017 production update.
Rex Energy's fourth quarter 2017 production was 205.3 MMcfe/d, consisting of 123.4 MMcf/d of natural gas, 13.0 Mboe/d of NGLs (including 7.3 Mboe/d of ethane) and 0.7 Mboe/d of condensate. Condensate and NGLs (including ethane) accounted for 40% of production during the quarter.
Full-year 2017 production was 184.5 MMcfe/d.
Drilling UpdateThree-Well Jenkins Pad Warrior North
The Company has recently placed the three-well Jenkins pad into sales. The three wells were drilled to an average lateral length of approximately 6,500 feet and were completed with an average of 37 stages. The three wells produced at an average 30-days sales rate per well of approximately 6.0 MMcfe/d, consisting of 1.8 MMcf/d of natural gas, 370 Bbls/d of NGLs…
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