Exploration & Production | Top Story | Quarterly / Earnings Reports
Rex's Marcellus, Utica Ops Hit 75.3 MMcfe/d; Exceeds Guidance
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Rex Energy Corporation has reported its first quarter 2013 operational and financial results.
Highlights: Average net daily production of 75.3 MMcfe/d exceeded high end of company guidance Recently completed Breakneck Beagle Club wells produced into sales at an average 5-day rate of 6.2 MMcfe/d (assuming full ethane recovery) Most recent "Super Rich" Marcellus well, the Wack 9H, produced 1,328 BTU gas at an average 5-day sales rate of 5.8 MMcfe/d (assuming full ethane recovery) with 57% liquids Second Upper Devonian Burkett well, Drushel 6 HD, produced into sales at a 30-day rate of 6.9 MMcfe/d (assuming full ethane recovery) Completed acreage trade in Warrior North Prospect; added approximately 20 net locations Ended first quarter 2013 with approximately $439 million of liquidity (pro…Finish this article — free account or subscription
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