Rex Energy First Quarter 2012 Conference Call 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:…
Key Takeaways 1st Quarter Highlights Exceeded production guidance Daily average production of 60.7 MMcfe/d Westmoreland wells continue to outperform 23% growth in production over fourth quarter Six consecutive quarters of…
Selected Operational and Financial Highlights 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter Quarter to Quarter 2011 2011 2011 2012 Change % Change Production Average Per Day Oil (Bbls) 1,844 1,968 1,919 1,892 27 1% Gas (Mcf) 20,876…
Current Hedging Summary Current Production Hedged Crude Oil 100% % of Current % of Current Avg. Floor Avg. Ceiling with Floor with Ceiling Price Price 90% 2012 87% 87% 68.39 111.08 80% 2013 81% 81% 72.44 112.56 70% Commodity %…
Second Quarter and Full Year 2012 Guidance Second Quarter Full Year 2012 2012 Average Daily Production 61.0 66.0 Mmcfe/d 67.0 72.0 Mmcfe/d Lease Operating Expense 10.0 12.0 million 48.0 53.0 million Cash G&A 5.0 6.0 million 20.0…
2012 Operating Capital Budget 8
Butler Operated Area Highlights Drilling & Completion Updates: Cheeseman 1H placed into service; last 30 days producing at 5.3 MMcf/d (test rate) All wells on Grosick pad stimulated and placed into service Super Frac stimulations…
Marcellus Super Frac Results Drushel 3H (150 ft design) Super Frac: Carson 3H (150 ft design) Super Frac: Job Performed: April, 2011 Job Performed: March, 2012 Days on Production: 376 days Lateral Length: 3,900 Lateral Length: 3,000…
Non-Operated Area Update Seven wells on the Marco 1 and National Metals 1 pad producing above the current type curve 120-day rates 50% above type curve Reduced Cluster Spacing (RCS) tests performed on National Metals wells EURs…
Ohio Utica Warrior/Warrior South Prospect REXX G. Graham Well Warrior Prospect Expected Location Met goal of 15,000 acres of leasehold CHK Mangun 22-15-5 Drilling operations began in 2012 8H -1.5 Mboe/d REXX Brace 1H Brace 1H well…
Lawrence Field ASP Update Middagh Pilot: Production averaged 60.7 gross BOPD in 1Q12 compared to 65-75 gross BOPD in 4Q11. This confirms the year-end Perkins-Smith Middagh Pilot Griggs proved reserves booking of 13% of pore volume…
Rex Energy Question and Answer Session Responsible Development of Americas Energy Resources
Rex Energy Appendix Responsible Development of Americas Energy Resources
EBITDAX 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter ( in thousands) 2011 2011 2011 2012 Net Income From Continuing Operations 7,796 12,666 1,149 3,828 Add Back (Less): Retroactive Portion of PA Impact Fee - - - 2,809 DD&A &…
Adjusted Earnings 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter (in thousands) 2011 2011 2011 2012 Income From Continuing Operations Before Income Taxes, as reported 12,756 18,105 1,211 6,459 Add Back (Less): Retroactive…
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