State College, PA, United States
State College, PA, United States

Rex Energy Corporation NASDAQ: REXX is an independent energy company engaged in the acquisition, production, exploration and development of oil and gas, with properties concentrated in the Appalachian, Illinois, and Permian regions. The Company pursues a balanced growth strategy of exploiting its sizeable inventory of lower risk developmental drilling locations, pursuing its higher potential exploration drilling prospects and actively seeking to acquire complementary oil and natural gas properties. Wikipedia.


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News Article | November 29, 2016
Site: www.forbes.com

From the sounds of it, preliminary discussions before Wednesday's meeting of the Organization of Petroleum Exporting Counties, or OPEC, aren't going so well, taking the price of U.S. crude down 4% at one point Tuesday to $45.18 per barrel and oil and gas companies' stock prices down with it. At volatile times like these, companies that have strong balance sheets will be better able to sustain further commodity shocks and those that don't won't. So analysts at Seaport Global Securities Inc. looked into which oil and gas producers it covers are least levered -- and which ones are carrying a lot of debt. "Headed into the wild world of OPEC, know whose balance sheet is a fortress or at risk if things start looking 2014-ish," they said. The analysts said that the industry overall looks to be in pretty good shape on the bank line front with the median exploration and production company only 8% drawn on total capacity. Hedge coverage for next year isn't as strong, however, with median names coming in at 35% hedged at $49.19 per barrel. Companies that haven't drawn down on their revolvers (excluding letters of credit) include some of the strongest names in the business, including Apache Corp. (NYSE:APA), Concho Resources Inc. (NYSE:CXO), Marathon Oil Corp. (NYSE:MRO), Noble Energy Inc. (NYSE:NBL), Pioneer Natural Resources Inc. (NYSE:PXD) and Cimarex Energy Inc. (NYSE:XEC). Those with more than 40% of their revolver capacity filled -- and thus are at more risk if oil prices head south -- include Abraxas Petroleum Corp. (NYSE:AXAS), Bonanza Creek Energy Inc. (NYSE:BCEI), Gastar Exploration Inc. (NYSE:GST), Contango Oil & Gas Co. (NYSE:MCF), Rex Energy Corp. (NASDAQ:REXX),  Range Resources Corp. (NYSE:RRC), Stone Energy Corp. (NYSE:SGY) and Sundance Energy Australia Ltd. (NASDAQ:SNDE). On a forward-looking net debt-to-Ebitda basis, the analysts found that the stronger names include Pioneer and Cimarex as well as Cabot Oil & Gas Corp. (NYSE:COG), Energen Corp. (NYSE:EGN), EQT Corp. (NYSE:EQT), Earthstone Energy Inc. (NYSE:ESTE), Diamondback Energy Inc. (NYSE:FANG), PDC Energy Inc. (NASDAQ:PDCE), Ring Energy Inc. (NYSE:REI) and Synergy Resources Corp. (NYSE:SYRG). The weaker companies on that same basis, meanwhile, include Bonanza Creek, Gastar and Stone as well as Bill Barrett Corp. (NYSE:BBG), Chesapeake Energy Corp. (NYSE:CHK), Clayton Williams Energy Inc. (NYSE:CWEI), Jones Energy Inc. (NYSE:JONE), Oasis Petroleum Inc. (NYSE:OAS), Petroquest Energy Inc. (NYSE:PQ), Rex Energy Corp. (NASDAQ:REXX), SM Energy Co. (NYSE:SM), Sanchez Energy Corp. (NYSE:SN), Whiting Petroleum Corp. (NYSE:WLL), WPX Energy Inc. (NYSE:WPX) and W&T Offshore Inc. (NYSE:WTI).


News Article | March 3, 2017
Site: www.24-7pressrelease.com

CHOCTAW, OK, March 03, 2017-- Stephen Whitaker has been included in Marquis Who's Who. As in all Marquis Who's Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.Supported by more than four decades of invaluable contributions to oil and gas geology, Mr. Whitaker continues to build on his reputation for excellence through his new job as the president of Violent Energy, where he has been since 2017. He initially began his journey as a geological assistant for the U.S. Geological Survey, and subsequently joined companies like Texaco, the Illinois State Geological Survey, Apache Corp., IBEX Geological Consultant, Inc., and Rex Energy Corp. He also served on the board of directors for the Illinois Oil & Gas Association.Mr. Whitaker prepared for his endeavors by graduating from the University of Southern California and the University of Colorado with a Bachelor of Science and Master of Science in geology, respectively. A member of the American Association of Petroleum Geologists and the Illinois Geological Society, he has achieved much since then. He has encouraged oil exploration in Illinois through lectures, publications, and the development of exploration programs, and conducted geological analyses that led to the acquisition of key properties in the Eagle Ford trend of South Texas by Devon Energy. Furthermore, he has instructed others on the potential of Waulsortian mounds in Illinois, and completed geological analyses and mapping of upper-Devonian shales in the western Appalachian Basin.. Throughout his career, Mr. Whitaker has contributed his extensive industry knowledge into such creative works as "Silurian Pinnacle Distribution in Illinois: Model for Hydrocarbon Exploration," and "Fluvial-Estuarine Valley Fills at the Mississippian-Pennsylvanian Unconformity in Sandstone Petroleum Reservoirs." Since the mid-1990s, Mr. Whitaker has been featured in numerous additions of Who's Who in America, Who's Who in Science and Engineering, Who's Who in the Midwest, and Who's Who in the World.About Marquis Who's Who :Since 1899, when A. N. Marquis printed the First Edition of Who's Who in America , Marquis Who's Who has chronicled the lives of the most accomplished individuals and innovators from every significant field of endeavor, including politics, business, medicine, law, education, art, religion and entertainment. Today, Who's Who in America remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms around the world. Marquis publications may be visited at the official Marquis Who's Who website at www.marquiswhoswho.com


News Article | November 8, 2016
Site: globenewswire.com

STATE COLLEGE, Pa., Nov. 08, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced its third quarter 2016 operational and financial results. Unless otherwise noted, results of continuing operations are presented excluding the results of the company’s Illinois Basin assets, which have been classified as discontinued operations, for all periods presented. Operating revenue from continuing operations for the three and nine months ended September 30, 2016 was $34.0 million and $91.0 million, respectively, which represents an increase of 15% and a decrease of 18% over the same periods in 2015. Commodity revenues, including settlements from derivatives, for the three and nine months ended September 30, 2016 were $36.3 million and $123.7 million, a decrease of 19% and 18% for the same periods in 2015, respectively. Commodity revenues from condensate and natural gas liquids (NGLs), including settlements from derivatives, represented 50% of total commodity revenues for the three months ended September 30, 2016. Lease operating expense (LOE) from continuing operations was $26.3 million, or $1.45 per Mcfe for the quarter. For the nine months ended September 30, 2016, LOE was approximately $76.0 million, or $1.42 per Mcfe. General and administrative expenses from continuing operations were $5.1 million for the third quarter of 2016, a 4% increase on a per unit basis as compared to the same period in 2015. Cash general and administrative expenses from continuing operations, a non-GAAP measure, were $4.1 million for the third quarter of 2016, an 18% decrease on a per unit basis as compared to the same period in 2015. For the nine months ended September 30, 2016, G&A expenses from continuing operations were $15.2 million, a 30% decrease on a per unit basis as compared to the same period in 2015. Cash G&A expenses from continuing operations were $13.2 million, a 19% decrease on a per unit basis as compared to the same period in 2015. Net income attributable to common shareholders for the three months ended September 30, 2016 was $4.8 million, or $0.05 per basic share. Net loss attributable to common shareholders for the nine months ended September 30, 2016 was $41.4 million, or $0.57 per basic share. Adjusted net loss, a non-GAAP measure, for the three months ended September 30, 2016 was $12.3 million, or $0.14 per share. Adjusted net loss for the nine months ended September 30, 2016 was $29.7 million, or $0.41 per share. EBITDAX from continuing operations, a non-GAAP measure, was $4.5 million for the third quarter of 2016 and $32.0 million for the nine months ended September 30, 2016. Reconciliations of adjusted net income to GAAP net income, EBITDAX to GAAP net income and G&A to cash G&A for the three months and nine months ended September 30, 2016, as well as a discussion of the uses of each measure, are presented in the appendix of this release. Third quarter 2016 production volumes from continuing operations were 197.8 MMcfe/d, an increase of 8% over the third quarter of 2015, consisting of 118.8 MMcf/d of natural gas and 13.2 Mboe/d of condensate and NGLs (including 6.6 Mboe/d of ethane). Condensate and NGLs (including ethane) accounted for 40% of net production for the third quarter of 2016. Including the effects of cash-settled derivatives, realized prices for the three months ended September 30, 2016 were $1.65 per Mcf for natural gas, $39.70 per barrel for condensate, $18.15 per barrel for NGLs (C3+) and $8.15 per barrel for ethane. Before the effects of hedging, realized prices for the three months ended September 30, 2016 were $1.54 per Mcf for natural gas, $38.82 per barrel for condensate, $16.48 per barrel for NGLs (C3+) and $7.99 per barrel for ethane. Third quarter 2016 price realizations were negatively impacted by the early termination of hedges during the second quarter of 2016. Including the effects of cash-settled derivatives, realized prices for the nine months ended September 30, 2016 were $2.17 per Mcf for natural gas, $43.18 per barrel for condensate, $18.78 per barrel for NGLs (C3+) and $7.43 per barrel for ethane. Before the effects of hedging, realized prices for the nine months ended September 30, 2016 were $1.44 per Mcf for natural gas, $34.72 per barrel for condensate, $14.74 per barrel for NGLs (C3+) and $7.28 per barrel for ethane. For the third quarter of 2016, net operational capital investments were approximately $10.9 million. The company expects to be reimbursed by joint venture partners for approximately $11.8 million of previously incurred costs that were not billed until the fourth quarter. These capital investments funded the drilling of four gross (1.4 net) wells, fracture stimulation of three gross (1.8 net) wells, placing four gross (2.1 net) wells into sales and other projects related to drilling and completing wells in the Appalachian Basin. Third quarter investments for leasing and property acquisitions were $0.4 million and capitalized interest was $0.3 million. During the third quarter of 2016, the company placed into sales the two-well Geyer pad. The Geyer wells were drilled to an average lateral length of approximately 4,200 feet and were completed in an average of 24 stages. The wells produced at an average 5-day sales rate per well, assuming full ethane recovery, of 6.1 MMcfe/d, consisting of 3.8 MMcf/d of gas and 387 bbls/d of NGLs. In the Moraine East Area, Rex Energy drilled one gross (0.4 net) well during the third quarter of 2016. In addition, the company had six gross (2.1 net) wells awaiting completion at the end of the third quarter. During the third quarter of 2016, the company placed the four-well Fleeger II pad into sales, consisting of three Marcellus wells and one Upper Devonian well. The Fleeger II wells were drilled to an average lateral length of approximately 7,760 feet and completed in an average of 46 stages with average sand concentrations of 2,444 pounds per foot. The three Marcellus wells produced at an average 24-hour sales rate per well, assuming full ethane recovery, of 10.4 MMcfe/d, consisting of 4.3 MMcf/d of natural gas, 851 bbls/d of NGLs and 154 bbls/d of condensate. The Upper Devonian Burkett well, the Fleeger II 3H, produced at a 24-hour sales rate of 7.0 MMcfe/d, consisting of 2.9 MMcf/d of natural gas, 557 bbls/d of NGLs and 133 bbls/d of condensate. The Fleeger II 3H has not fully dewatered and is continuing to improve as it cleans up. The company recently completed the two-well Klever pad, which was drilled to an average lateral length of approximately 7,460 feet. The pad is expected to be placed into sales during the fourth quarter of 2016. The company also expects to complete the four-well Baird pad in the fourth quarter of 2016 and place the pad into sales in January 2016. Horizontal drilling has started on the six-well Shields pad, which is expected to have an average lateral length of approximately 7,750 feet. The Shields pad is expected to be placed into sales in the second quarter of 2017. In the Warrior North Area, Rex Energy drilled 3.5 gross (1.2 net) wells during the third quarter of 2016. The company is currently completing the four-well Vaughn pad, which was drilled to an average lateral length of approximately 7,200 feet. The Vaughn pad is expected to be placed into sales in December 2016. Rex Energy continues to focus its development efforts in its core areas of the Appalachian Basin. The table below provides the company’s projections for assets held by production to date and by year-end 2016, with associated potential future drilling locations and exit rate estimates. On November 1, 2016, Rex Energy began transporting 130 MMbtu/d of natural gas volumes from its Butler Operated Area to the Gulf Coast and Midwest markets. The commencement of this transportation allows the company to access premium markets in the Midwest and the Gulf Coast, including the future Freeport LNG export facilities, where the company will receive Henry Hub pricing at a minimal discount. Rex Energy expects to transport approximately 50% of its natural gas volumes to these markets. With Gulf Coast transportation in place for full-year 2017, the company expects its overall basis differential to improve by approximately 50% over its full-year 2016 basis differential. Earlier this year, Rex Energy began selling ethane from the Butler Operated and Warrior North Areas on Mariner East out of the Marcus Hook facility. The access to international markets has resulted in the company receiving a premium to Mont. Belvieu pricing. During the second half of 2016, the company renegotiated its condensate pricing agreements, resulting in over $5.00/bbl incremental value in condensate pricing. During the third quarter, Rex Energy completed the sale of its Illinois Basin assets for approximately $40 million and the company’s bank group reaffirmed the $190 million borrowing base under the its senior secured credit facility. The following table summarizes Rex Energy’s operational activities for full-year 2016 and projected status at year-end in each of its core operating areas: In addition, the company is providing its guidance for the fourth quarter of 2016 and full-year 2016 ($ in millions): Management will host a live conference call and webcast on Wednesday, November 9, 2016 at 10:00 a.m. Eastern to review third quarter 2016 financial results and operational highlights. The telephone number to access the conference call is (866) 437-1772. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio. Except for historical information, statements made in this release, including those relating to the timing and nature of development plans; drilling and completion schedules; anticipated fracture stimulation activities; expected dates for placement of wells into sales; projections of operations at year-end 2016; and our financial guidance for fourth quarter and full year 2016 are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may contain words such as "expected", "expects", "scheduled", "planned", "plans", "anticipates" or similar words, and are based on management's experience and perception of historical trends, current conditions, and anticipated future developments, as well as other factors believed to be appropriate. We believe these statements and the assumptions and estimates contained in this release are reasonable based on information that is currently available to us. However, management's assumptions and the company's future performance are subject to a wide range of business risks and uncertainties, both known and unknown, and we cannot assure that the company can or will meet the goals, expectations, and projections included in this release. Any number of factors could cause our actual results to be materially different from those expressed or implied in our forward looking statements, including (without limitation): We undertake no obligation to publicly update or revise any forward-looking statements. Further information on the company's risks and uncertainties is available in our filings with the Securities and Exchange Commission and we strongly encourage investors to review those filings. “EBITDAX” means, for any period, the sum of net income for such period plus the following expenses, charges or income to the extent deducted from or added to net income in such period: interest, income taxes, DD&A, unrealized losses from financial derivatives, non-recurring gains and losses, exploration expenses and other similar non-cash charges, minus all non-cash income, including but not limited to, income from unrealized financial derivatives and gains on asset dispositions, added to net income. EBITDAX, as defined above, is used as a financial measure by our management team and by other users of its financial statements, such as our commercial bank lenders to analyze such things as: EBITDAX is not a calculation based on GAAP financial measures and should not be considered as an alternative to net income (loss) (the most directly comparable GAAP financial measure) in measuring our performance, nor should it be used as an exclusive measure of cash flows, because it does not consider the impact of working capital growth, capital expenditures, debt principal reductions, and other sources and uses of cash, which are disclosed in our consolidated statements of cash flows. We have reported EBITDAX because it is a financial measure used by our existing commercial lenders, and because this measure is commonly reported and widely used by investors as an indicator of a company’s operating performance and ability to incur and service debt. You should carefully consider the specific items included in our computations of EBITDAX. While we have disclosed EBITDAX to permit a more complete comparative analysis of our operating performance and debt servicing ability relative to other companies, you are cautioned that EBITDAX as reported by us may not be comparable in all instances to EBITDAX as reported by other companies. EBITDAX amounts may not be fully available for management’s discretionary use, due to requirements to conserve funds for capital expenditures, debt service and other commitments. We believe that EBITDAX assists our lenders and investors in comparing our performance on a consistent basis without regard to certain expenses, which can vary significantly depending upon accounting methods. Because we may borrow money to finance our operations, interest expense is a necessary element of our costs. In addition, because we use capital assets, DD&A are also necessary elements of our costs. Finally, we are required to pay federal and state taxes, which are necessary elements of our costs. Therefore, any measures that exclude these elements have material limitations. To compensate for these limitations, we believe it is important to consider both net income determined under GAAP and EBITDAX to evaluate our performance. For purposes of consistency with current calculations, we have revised certain amounts relating to prior period EBITDAX. The following table presents a reconciliation of our net income to EBITDAX for each of the periods presented. “Adjusted Net Income” means, for any period, the sum of net income (loss) from continuing operations before income taxes for the period plus the following expenses, charges or income, in each case, to the extent deducted from or added to net income in the period: unrealized losses from financial derivatives, non-cash compensation expense, dry hole expenses, disposals of assets, impairment and other one-time or non-recurring charges, minus all gains from unrealized financial derivatives, disposal of assets and deferred income tax benefits, added to net income. Adjusted Net Income is used as a financial measure by Rex Energy's management team and by other users of its financial statements, to analyze its financial performance without regard to non-cash deferred taxes and non-cash unrealized losses or gains from oil and gas derivatives. Adjusted Net Income is not a calculation based on GAAP financial measures and should not be considered as an alternative to net income (loss) in measuring the company's performance. Rex Energy reports Adjusted Net Income because it believes that this measure is commonly reported and widely used by investors as an indicator of a company's operating performance. You should carefully consider the specific items included in the company's computation of this measure. You are cautioned that Adjusted Net Income as reported by Rex Energy may not be comparable in all instances to that reported by other companies. To compensate for these limitations, the company believes it is important to consider both net income determined under GAAP and Adjusted Net Income. The following table presents a reconciliation of Rex Energy’s net income from continuing operations to its adjusted net income for each of the periods presented ($ in thousands): Cash General and Administrative Expenses (Cash G&A) is the difference between GAAP G&A and non-Cash G&A, which is primarily comprised of non-cash compensation expense. Rex Energy has reported Cash G&A because it believes that this measure is commonly reported and widely used by management and investors as an indicator of overhead efficiency without regard to non-cash expenditures, such as stock compensation. Cash G&A is not a calculation based on GAAP financial measures and should not be considered as an alternative to GAAP G&A in measuring the company’s performance. You should carefully consider the specific items included in the company’s computation of this measure. You are cautioned that Cash G&A as reported by Rex Energy may not be comparable in all instances to that reported by other companies. To compensate for these limitations, the company believes it is important to consider both Cash G&A and GAAP G&A. The following table presents a reconciliation of Rex Energy’s GAAP G&A to its Cash G&A for each of the periods presented (in thousands):


NEW YORK, November 2, 2016 /PRNewswire/ -- Stock-Callers.com draws investors' attention to four Oil and Gas Drilling and Exploration equities, namely, Rex Energy Corp. (NASDAQ: REXX), Pengrowth Energy Corp. (NYSE: PGH), Seadrill Partners LLC (NYSE: SDLP), and Unit Corp. (NYSE: UNT)....


News Article | February 21, 2017
Site: globenewswire.com

STATE COLLEGE, Pa., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced plans to release fourth quarter and full-year 2016 financial and operational results on Tuesday, March 7, 2017 after market close. Management will host a live conference call and webcast on Wednesday, March 8, 2017 at 10 a.m. ET to review fourth quarter and full-year 2016 financial results and operational highlights. The telephone number to access the conference call is (866) 437-1772. The conference call will also be available for replay through the company’s website at www.rexenergy.com under the Investor Relations tab. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.


News Article | February 21, 2017
Site: globenewswire.com

STATE COLLEGE, Pa., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced plans to release fourth quarter and full-year 2016 financial and operational results on Tuesday, March 7, 2017 after market close. Management will host a live conference call and webcast on Wednesday, March 8, 2017 at 10 a.m. ET to review fourth quarter and full-year 2016 financial results and operational highlights. The telephone number to access the conference call is (866) 437-1772. The conference call will also be available for replay through the company’s website at www.rexenergy.com under the Investor Relations tab. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.


News Article | February 21, 2017
Site: globenewswire.com

STATE COLLEGE, Pa., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced plans to release fourth quarter and full-year 2016 financial and operational results on Tuesday, March 7, 2017 after market close. Management will host a live conference call and webcast on Wednesday, March 8, 2017 at 10 a.m. ET to review fourth quarter and full-year 2016 financial results and operational highlights. The telephone number to access the conference call is (866) 437-1772. The conference call will also be available for replay through the company’s website at www.rexenergy.com under the Investor Relations tab. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.


News Article | December 13, 2016
Site: globenewswire.com

STATE COLLEGE, Pa., Dec. 13, 2016 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) (“Rex Energy”) today announced that Nasdaq has notified the company that it has accepted Rex Energy’s request for continued listing on the Nasdaq Capital Market. In addition, the company has been granted an additional extension through June 12, 2017 to regain compliance with Nasdaq’s minimum bid price requirement. “We would like to thank Nasdaq for the acceptance of our request for continued listing,” said Tom Stabley, Rex Energy’s President and Chief Executive Officer. “We will be proactive in executing our business plan to increase our share price and obtain full compliance with the Nasdaq listing standards.” This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.  Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties, such as financial market conditions, changes in commodities prices and the other risks discussed in detail in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 and other subsequent filings with the Securities and Exchange Commission.  Readers should not place undue reliance on any forward-looking statements, which are made only as of the date hereof.  Rex Energy has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company’s expectations. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.


News Article | February 21, 2017
Site: globenewswire.com

STATE COLLEGE, Pa., Feb. 21, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced plans to release fourth quarter and full-year 2016 financial and operational results on Tuesday, March 7, 2017 after market close. Management will host a live conference call and webcast on Wednesday, March 8, 2017 at 10 a.m. ET to review fourth quarter and full-year 2016 financial results and operational highlights. The telephone number to access the conference call is (866) 437-1772. The conference call will also be available for replay through the company’s website at www.rexenergy.com under the Investor Relations tab. Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company’s strategy is to pursue its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.


News Article | March 4, 2016
Site: www.ogj.com

Rex Energy Corp., State College, Pa., has entered a joint-venture agreement to develop 58 wells in its Moraine East and Warrior North prospects in Pennsylvania and Ohio, respectively.

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