Rex Energy Second 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:…
Second Quarter Achievements 2nd Quarter Highlights Met mid-point of production guidance Daily average production of 62.5 MMcfe/d 78% growth in production year-over-year Sale of midstream assets to MarkWest Partners for cash proceeds…
Selected Operational and Financial Highlights 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter Quarter to Quarter 2011 2011 2012 2012 Change % Change Production Average Per Day Oil (Bbls) 1,956 1,919 1,892 1,859 33 2% Gas (Mcf) 28,084…
Price Realizations 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter 2011 2011 2012 2012 Average Price Per Unit: Realized crude oil price per Bbl as reported 86.08 90.45 99.31 89.97 Realized impact from cash settled derivative per…
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…
Third Quarter and Full Year 2012 Guidance Third Quarter Full Year 2012 2012 Average Daily Production 73.0 76.0 MMcfe/d 68.0 73.0 MMcfe/d Lease Operating Expense 11.0 - 13.0 million 46.0 50.0 million Cash G&A 6.0 - 7.0 million…
2012 Operating Capital Budget 9
Butler Operated Area Highlights Drilling & Completion Updates: Behm 1H one year production history after completing with Super Frac EUR in-line with 8 BCFE type curve Two additional Super Frac wells completed on Carson pad and placed…
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…
Butler Super Rich Wet Gas Stream Burgh; Upper Devonian FORMATION NAME & DESCRIPTION Test Location for +30% Increased Liquids RHINESTREET SHALE Reservoir 4 Grubbs; Super Rich UPPER DEVONIAN SHALES Mixed Organic & Non-organic…
Ohio Utica Warrior North Prospect Exceeded +15,000 acres of leasehold in REXX G. Graham Well Expected Location Warrior North CHK Coniglio 6H: 1.1 Mboe/d REXX Brace 1H Drilling operations began in 2Q-2012 Completed 4,175 Lateral…
Ohio Utica Warrior South Prospect 5,600 gross (3,100 net) acres1 Located in Guernsey, Noble and Belmont GPOR GPOR Wagner 1-28H Test Rate of 17.1 MMcf/d, 432 Counties Groh 1-12H bbls of condensate/day, 1,881 bbls of NGLs/day…
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…
Marcellus Non-Operated Area Update Seven wells in Westmoreland County on the Marco 1 and National Metals 1 pad producing above the current type curve 150-day rates are still 50% above type curve Reduced Cluster Spacing (RCS) tests…
Upcoming Catalysts Catalysts Results from first Ohio Utica Shale well Brace 1H First sales expected in September 2012 Continued enhancement of the Butler Operated assets Increasing EURs with Super Frac completion method Further…
Rex Energy Question and Answer Session Responsible Development of Americas Energy Resources
Rex Energy Appendix Responsible Development of Americas Energy Resources
EBITDAX 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter ( in thousands) 2011 2011 2012 2012 Net Income From Continuing Operations 12,622 1,149 3,825 56,193 Net (Income) Loss Attributable to Non-Controlling Interests 44 (7) (100)…
Adjusted Earnings 3rd Quarter 4th Quarter 1st Quarter 2nd Quarter (in thousands) 2011 2011 2012 2012 Income From Continuing Operations Before Income Taxes, as reported 18,105 1,211 6,456 91,461 Add Back (Less): Retroactive…
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