Rex Energy SunTrust Utica Shale Tour Presentation August 27, 2012 Responsible Development of Americas Energy Resources Rex Energy Corporation 476 Rolling Ridge Drive State College, PA 16801 P: (814) 278-7267 F: (814) 278-7286 E:…
Rex Energy Overview Market Data NASDAQ: REXX Common shares outstanding: 52.8 million1 18% Ownership with corporate officers and directors Share Price: 12.832 Market Capitalization: 677.4 million2 52 Week Price Range: 8.80 - 18.002…
Strong Balance Sheet Liquidity Sources ( millions) Cash as of 6/30/2012 15.6 6M12 Op. Cash Flow Analyst Consensus 44.0 Subtotal 59.6 Availability on senior credit facility1 185.0 Availability on second lien facility 50.0…
Current Hedging Summary Crude Oil Current Production Hedged % of Current % of Current Avg. Floor Avg. Ceiling with Floor with Ceiling Price Price 80% 2012 73% 73% 68.39 111.08 70% 2013 68% 68% 72.44 112.56 2014(1) 25% 25% 80.00…
Ohio Utica Warrior North Prospect Exceeded +15,000 acres of leasehold in REXX Brace 1H REXX G. Graham Well Completed Expected Location Warrior North 4,175 Lateral Fracd with 17 stages CHK Coniglio 6H: 1.1 Mboe/d Drilling…
Ohio Utica Warrior South Prospect 5,600 gross (3,100 net) acres1 Located in Guernsey, Noble and Belmont GPOR Wagner 1-28H GPOR Test Rate of 17.1 MMcf/d, 432 Counties Groh 1-12H: 5,414 lateral; bbls of condensate/day, 1,881 15 stage…
Comparison of Warrior North and Warrior South to CHK Buell Well Rex Energy Guernsey 1H Chesapeake Kenneth Buell 8-H Rex Energy Brace 1-H Carroll Noble/Guernsey County Harrison County County Note: Increasing Point Pleasant Porosity…
Utica/Point Pleasant Potential in Pennsylvania Rex Energy Cheeseman 1-H Butler Crawford County, PA Well County Legacy Well Note: Utica/Point Pleasant Play in Northeast PA will be different from OH Play due to changes in rock type…
Ohio Utica Proposed Processing Infrastructure Momentum REXX Carroll Kensington County Acreage Processing Facility: 600 Mmcf/d MWE Harrison I Processing & Fractionation Complex: 125 MMcf/d REXX Warrior South Acreage…
Butler Operated Area Consolidated acreage position of 69,000 gross (46,000 net) acres (Butler, Beaver and Lawrence Counties) Butler Operated Area Allows for minimal rig movement Burgh; Upper Decreases in drilling time Devonian Test…
Devonian Shales & Utica/Point Pleasant FORMATION NAME & DESCRIPTION Butler County Area presents the potential of four productive reservoirs, three of which have liquids potential Upper Devonian & Marcellus Shales RHINESTREET SHALE…
Marcellus Super Frac Type-Curve Results Drushel 3H (150 ft design) Super Frac: Super Frac: Type-Curve Considerations as Job Performed: April, 2011 compared to YE 2011- 5.3 BCFE Type Curve Days on Production: + 1 Year 24 hr IP = 4,500…
Illinois Basin Conventional Oil Infill & Recompletions Illinois Basin 23,525 gross ( 23,495 net) acres in Illinois Basin Basin has produced over 4 billion barrels since 1906 Rex currently produces 2,365 gross (1,840 net) barrels…
Lawrence Field ASP Update Middagh Pilot: Oil cuts in the Pilot increased from 1.0% to 12.0% in total unit, with individual wells Perkins-Smith Middagh Pilot Griggs experiencing oil cuts above 20% 58 Acres 15 Acres 72 Acres Peak…