Rex Energy Provides Moraine East Area Operations Update
REX ENERGY (REXX)
Last rex energy earnings: 5/15 04:14 pm
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US:NASDAQ Investor Relations:
rexenergy.com/company-strategy.html
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Source: GlobeNewswire
STATE COLLEGE, Pa., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today provided an update for its Moraine East Area operations. Operational Update Six-Well Shields Pad The company has placed the six-well Shields pad into sales, consisting of five Marcellus wells and one Upper Devonian Burkett well. The Shields wells were drilled to an average lateral length of approximately 8,800 feet and completed in an average of 49 stages. The six wells produced at an average 24-hour sales rate per well, assuming full ethane recovery, of 9.2 MMcfe/d, consisting of 4.2 MMcf/d of natural gas, 781 bbls/d of NGLs and 50 bbls/d of condensate. The six wells went on to produce at an average 30-day sales rate per well, assuming full ethane recovery, of 7.9 MMcfe/d, consisting of 3.6 MMcf/d of natural gas, 676 bbls/d of NGLs and 38 bbls/d of condensate. The 30-day sales rate for the Shields wells are in-line with the company’s economic projections for its 2017 Moraine East p
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