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Rex Energy provides second quarter production results


Published Jul 19, 2012
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Rex names Mark A. Butta as VP of Oil and Natural Gas Marketing

Rex Energy Corporation reported its second quarter 2012 production and revenue results.

Second quarter 2012 net production volumes were 62.5 MMcfe/d, consisting of 46.3 MMcfe/d of natural gas and 2.7 MBoe/d of oil and natural gas liquids, which represents an increase of 78% over the second quarter of 2011 and an increase of 3% over the first quarter of 2012. Production for the first six months of 2012 totaled 61.6 MMcfe/d, which represents an increase of 97% over the first six months of 2011. Oil and natural gas liquids accounted for 26% of the total net production for the second quarter of 2012.

Second quarter 2012 production was constrained by an estimated 1.2 - 1.8 MMcfe/d due to involuntary production curtailments in the company's non-operated area in Westmoreland County, Pennsylvania and extended downtime associated with the startup of the recently-commissioned Bluestone Plant.

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