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| 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.
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. |
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).
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As Marcellus Shale volumes increase, new infrastructure is being constructed
In terms of acreage, the Marcellus Shale is the largest major shale play east of the Mississippi River. It runs through parts of five states, including New York, Pennsylvania, Ohio, Maryland, and West Virginia.
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Eclipse Resources founded with $150 million equity commitment
Benjamin W. Hulburt and Christopher K. Hulburt, former senior executive officers of Rex Energy Corp., have formed Eclipse Resources I LP, an independent oil and natural gas company headquartered in State College, Pa., with a $150 million equity commitment from EnCap Investments LP and from Eclipse management.
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