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Rex Upgrades Utica Infrastructure; Completes Four-Well Pad at Moraine
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Rex Energy Corporation announced its third quarter 2015 operational and financial results.
Key Points: The Marcellus and Ohio Utica capital investment funded the drilling of 10.0 gross (6.9 net) wells, fracture stimulation of 11.0 gross (5.6 net) wells, placing nine gross (3.8 net) wells into sales and other projects related to drilling and completing wells in the Appalachian Basin. $33.5 million was used to fund Marcellus and Ohio Utica operations and $3.6 million was used to fund conventional drilling, water flood enhancement and facility upgrades in the Illinois Basin. In the Western Lawrence Utica, the company has placed into sales the Patterson 2H well, which was drilled to a lateral length of approximately 6,700 feet and completed in 45 stages with average sand concentrations of…- ✓ Full news archive — U.S., Canada & international coverage
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