Rex Energy Corporation
| Rex Energy Corp 1965 Waddle Road State College, PA 16803 814-278-7267 |
Rex Energy Corporation 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. We pursue a balanced growth strategy of exploiting our sizeable inventory of lower risk developmental drilling locations, pursuing our higher potential exploration drilling prospects and actively seeking to acquire complementary oil and natural gas properties. Our success is the result of the Company's seasoned and diversified management team comprised of expert personnel, using the latest technologies, and sound business practices.
Latest Rex Energy News
MarkWest Utica EMG, PDC Energy agree on Utica Shale developmentsMarkWest Utica EMG LLC, a joint venture between MarkWest Energy Partners LP and The Energy and Minerals Group, has agreed with PDC Energy Inc. to provide gathering, processing, fractionation, and marketing services in the Utica Shale. |
Utica shale play may rival BarnettAs with the Eagle Ford shale play in South Texas, the Utica Shale has dry gas, wet gas, and oil windows. |
Magnum Hunter Resources adds Ohio Utica acreage in expanding oil windowTriad Hunter LLC, a wholly-owned subsidiary of Houston-based independent energy company Magnum Hunter Resources Corp., has closed on the acquisition of leasehold mineral interests located predominately in Noble County, Ohio from an undisclosed seller for a total purchase price of $24.8 million. |
Rex Energy names new CEO, presidentState College, PA-based Rex Energy Corp. has appointed Thomas C. Stabley as its CEO and Patrick M. McKinney as its president. |
Weekly Update: SandRidge Energy grabs Korea opportunitySandRidge Energy completed a major deal this week with Korean investment firm Atinum Partners, to fast track the development of its large holding in the Mississippian horizontal oil play. |
Utica Shale acreage values trending higherRecent Utica Shale activity is trending upward and it appears valuations in the area are on the rise as well. |
Targeting Marcellus, Utica Shale, Rex Energy plans to continue rapid production growthDriven by Marcellus Shale activity, Rex Energy put up high production growth for the second quarter 2011 and plans to continue its growth with a large backlog in place, an acquisition targeting the natural gas-bearing Utica Shale, and an increased borrowing base. |
Still in early stages of development, Niobrara may yield huge oil potential
The Niobrara formation is a commercial hydrocarbon reservoir located in Colorado and Wyoming (and small parts of Nebraska and Kansas).
|
