One-Page Deal Sheet
Rex Energy Inks $175 Million Marcellus, Utica JV Deal
Benefit Street Partners LLC Rex Energy Corp
Announced Date
March 01,2016
Transaction Type
JV - DrillCo
Enterprise Value (EV)($MM)
175
Asset/Basin:
{Appalachia}
TargetZones:
{"Marcellus Shale","
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Rex Energy Corporation announced a new $175 million joint exploration and development agreement in the Moraine East and Warrior North Operated Areas.
Highlights: Joint exploration and development agreement covers approximately 42,000 acres in Moraine East and approximately 6,300 acres in Warrior North Initial $37 million capital commitment for 22 wells Initial cash reimbursement of $20 million for 15 wells drilled and completed in 2015 once placed into sales Option to participate in 36 additional wells for an incremental capital commitment of $138 million Commenced free flow of gas from…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
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