Rex Energy Butler Operated Area Acquisition Supplemental Information August 12, 2014 Responsible Development of Americas Energy Resources Rex Energy Corporation 366 Walker Drive State College, PA 16801 P: (814) 278-7267 F: (814)…
Estimates Used in This Presentation Hydrocarbon Volumes The SEC permits publicly-reporting oil and gas companies to disclose proved reserves in their filings with the SEC. Proved reserves are estimates that geological and engineering…
Acquisition Highlights & Strategic Rationale Entered into agreement to purchase 207,000 net acres in the Butler Operated Area for a purchase price of 120 million Effective date: July 1, 2014 Estimated closing date: September 10,…
Expanding Rexs Core Appalachian Position Shell Acreage Acquisition Butler Extension Area Net Acreage 207,000 Net Acreage 90,600 Net Revenue Interest 83% Wells PIS 4 Butler Liquids-Rich Net Acreage 50,000 Moraine East: 24,000 net…
Shell Opportunity: Liquids-Rich Moraine East 50,000 net acres (24,000 inside development area) targeting wet-gas Marcellus and Upper Devonian contiguous to existing position Complementary fit with the legacy Butler acreage position…
Shell Opportunity: Western Lawrence Utica 66,100 net acres in Western Lawrence Utica County targeting the dry-gas Utica, with existing production and strong offset performance Kephart Drilled Large inventory of attractive dry-gas Utica…
Execution Plan: Near-Term Development To execute on development plan for acquired acreage, Rex plans to add 1-2 rigs in 2015, focused on core areas 1 Moraine East rig 1 core Butler rig 1 toggle rig (Legacy Butler / Moraine East)…