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Rex Turns on Taps at Utica Perry, Goebeler Pads; JV Expanded
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Rex Energy Corporation reported an update on its Appalachian Basin operations, including recently placing into sales the three-well Goebeler pad and the two-well Perry pad.
The Goebeler wells were drilled to an average lateral length of approximately 7,360 feet and completed in an average of 41 completion stages. The Perry wells were drilled to an average lateral length of approximately 6,350 feet with an average of 36 completion stages. Joint Venture The company's joint development partner, Benefit Street Partners L.L.C. has elected into the next four wells in the development program, the four-well Vaughn pad in the Warrior North Area. BSP's election increases the total capital commitment to date by BSP from $98.1 million to $120.1 million. Operational Update Moraine East Area…- ✓ Full news archive — U.S., Canada & international coverage
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