Rex Energy Company News

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Rex Reports Output Updates at Appalachian Basin Ops
Rex provides an update on both its Appalachian Basin operations as well as its first quarter 2014 production.
8:00 PM EST | March 25, 2014
Rex Highlights Production Results from First Ohio Utica Well
Rex Energy announces initial production results from its first Ohio Utica Shale well and provided an update on its operations.
8:00 PM EST | September 25, 2012
Rex Energy Wraps Up Drilling Ops at First Utica Well
Rex Energy has completed drilling its first Ohio Utica well, the Brace #1H, located in Carroll County.
8:00 PM EST | May 28, 2012
Rex Considers Options to Focus on Shale Exploration
Rex Energy plans to pursue strategic options for all its properties in the Rockies region and will look to divest its stake in midstream assets in Butler County, Pa.
7:00 PM EST | December 26, 2011
Rex All Smiles over Initial HZ Utica Test Well
Rex Energy completed its initial horizontal Utica Shale test well, the Cheeseman #1H.
8:00 PM EST | November 01, 2011
Rex Welcomes New CEO, President
Rex announced the appointment of Thomas C. Stabley as its Chief Executive Officer (CEO) and Patrick M. McKinney as its President.
8:00 PM EST | October 10, 2011
Rex Sees 9% Increase in 2Q Production Guidance
Rex Energy exceeded its previously announced second quarter guidance by 9% with an average production rate of 35.2 MMcfe/d.
8:00 PM EST | July 10, 2011
Rex Appoints Interim CEO
Rex announced that Lance Shaner, currently chairman of the board of Rex Energy, has been appointed interim president and chief executive officer to replace Dan Churay, who is leaving the company.
8:00 PM EST | June 02, 2011
Rex Updates Pennsylvania Ops
Rex provided the following operational update for each of its operating regions in Pennsylvania.
8:00 PM EST | March 21, 2011
Rex Boosts Borrowing Base
Rex announced that its bank group unanimously agreed to increase the company's borrowing base under its senior credit facility.
7:00 PM EST | March 06, 2011
Rex Ramps Reserves to 201.7 Bcfe
Rex announced that its total proved reserves as of December 31, 2010 increased 95% from 2009 year-end estimates to 201.7 Bcfe prior to adjustments for production, asset sales and revisions.
7:00 PM EST | January 26, 2011
Rex Names New CEO
Rex announced the appointment of Daniel J. Churay as its President and Chief Executive Officer.
8:00 PM EST | October 31, 2010
Rex Adds Member to Board
John J. Zak has joined Rex's board of directors.
8:00 PM EST | October 24, 2010
Rex Ramps Up Production in 3Q10
Rex updated on its operational activities in Niobrara shale.
8:00 PM EST | October 14, 2010
Rex Appoints Interim CEO
Rex announced that Lance T. Shaner, currently chairman of the board of Rex Energy, has been appointed interim president and chief executive officer.
8:00 PM EST | October 03, 2010
Rex's Pa. Well Barrels Out 4.3 MMcf/d
Rex reported that its most recent jointly owned horizontal Marcellus Shale well was put into production in Westmoreland County at a peak 24-hour rate to date of 4.3 MMcf per day.
8:00 PM EST | September 29, 2010
Rex-Sumitomo JV Closes Marcellus Shale Transaction
Rex has closed its previously announced Marcellus Shale joint venture transaction with Summit Discovery, a wholly owned subsidiary of Sumitomo.
8:00 PM EST | September 29, 2010
Rex to Add Acreage in DJ Basin
Rex has entered into a purchase and sale agreement with an undisclosed private company to acquire approximately 26,900 gross (18,700 net) acres in the DJ Basin.
8:00 PM EST | June 29, 2010
Rex Reports Operational Updates for 2010
Rex provided an operational update on its Marcellus Shale activities and Illinois Basin tertiary recovery project, as well as an update to its 2010 capital budget.
8:00 PM EST | June 02, 2010
Rex Energy Adds New COO
Rex Energy will be adding Patrick M. McKinney to its executive management team as Executive Vice President and Chief Operating Officer.
8:00 PM EST | April 29, 2010
Rex Energy Increases Borrowing Base to $100MM
Rex Energy announced that its bank group unanimously agreed to increase the company's borrowing base under its revolving credit facility from $80 million to $100 million as part of a regularly scheduled borrowing base review and redetermination.
8:00 PM EST | April 22, 2010
Rex Energy Bumps Up O&G Reserves to 125.2 Bcfe
Rex Energy's total proved oil and natural gas reserves as of December 31, 2009 increased 90% from 2008 year-end estimates to 125.2 billion cubic feet of natural gas equivalent.
7:00 PM EST | January 11, 2010
Rex Directs 81% of 2010 Capex to Appalachian Basin
Rex Energy's board of directors has approved a 2010 capital budget of $100.1 million, of which approximately 81% will be directed to the Appalachian Basin and 19% to the Illinois Basin.
7:00 PM EST | January 11, 2010
Rex Energy Increases Marcellus Acreage by 21%
Rex Energy's current total acreage under control in the Marcellus Shale fairway has increased approximately 21% compared to the third quarter 2009 to 92,000 gross (60,000 net) acres.
7:00 PM EST | January 11, 2010
Williams, Rex Energy Team Up to Drill for Gas in Marcellus Shale
Williams has signed a participation and exploration agreement to develop natural gas wells in the Marcellus Shale with Rex Energy Corporation.
8:00 PM EST | June 21, 2009
Rex Augments '09 Cash Flow with Permian Basin Asset Sale
Rex has entered an agreement to sell its Southwestern Region assets for $18 million as part of the company's plan to augment its cash flow and focus on its Marcellus Shale and Illinois Basin projects.
7:00 PM EST | December 28, 2008
Rex Energy Updates on Marcellus Shale Activities, '09 Capital Budget
Rex Energy has provided an operational update today on its Marcellus Shale activities and 2009 capital budget.
7:00 PM EST | December 02, 2008
Rex to Divest U.S. Southwestern Assets
Rex reported that it will divest its non-core assets as part of a strategic plan to focus efforts and capital investment in the Company's ASP flood projects in the Illinois Basin and Marcellus Shale exploration projects in the Appalachian Basin.
8:00 PM EST | September 02, 2008
Rex Names Pratt VP and Exploration Manager
Rex Energy Corporation announced the appointments of David Pratt as its Vice President and Exploration Manager and Sean Brake as its Appalachian Basin Completions Manager.
8:00 PM EST | March 24, 2008
Rex Energy Proved Reserves Increase 10% for 2007
Rex Energy reported that estimated total proved reserves of natural gas and crude oil as of December 31, 2007 increased 10% to 15.9 Mmboe (or 95 Bcfe), as compared with 14.5 Mmboe (or 87 Bcfe) at year-end 2006.
7:00 PM EST | February 24, 2008
Q4 Profits Increase 21% for Rex Energy
Rex Energy reported that production in the fourth quarter of 2007 totaled 260,472 BOE, of which approximately 80% was attributable to oil.
7:00 PM EST | February 24, 2008
Rex Abuzz on Revenue Increase of 46% for 2007
Production for the year ended December 31, 2007 totaled 1.0 million BOE, of which approximately 80% was attributable to oil. Production volumes increased approximately 31% over 2006.
7:00 PM EST | February 24, 2008
Rex Year-End Proved Reserves Rose 10% to 15.9 Million boe
Rex Energy Corporation reported that its estimated total proved reserves of natural gas and crude oil as of December 31, 2007 increased 10% to 15.9 Mmboe (or 95 Bcfe), as compared with 14.5 Mmboe (or 87 Bcfe) at year-end 2006.
7:00 PM EST | January 21, 2008
Rex Energy Prices IPO
Rex Energy reports that its initial public offering of 9,600,000 shares of common stock was priced on July 24 at $11.00 per share.
8:00 PM EST | July 24, 2007