Exploration & Production | Top Story
Rex Ups Marcellus Shale Rig Count at Butler Prospect
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Rex Energy Corporation has reported an update on both its Appalachian Basin operations as well as its first quarter 2014 production.
Appalachian Basin Butler Operated Area, PennsylvaniaIn the Butler Operated Area, the company has recently added a second rig to its drilling program in accordance with its previously announced plans. The additional rig will allow the company to drill more wells per pad than it has historically averaged while continuing to ensure that its core acreage is held by production. The company currently plans to drill four pads during 2014 with at least five wells per pad. The rig is currently drilling the first of five wells on the Ferree pad, which is the company's first of two stacked Upper Devonian Burkett/Marcellus tests in 2014.
The company is currently…
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