Sunday, October 24, 2010

Butler County, PA: Marcellus Shale Update

By Andrea:

Rexx Energy Corp. (REXX) recently released an operational update on the Marcellus Shale, located in Butler County, PA:

In Butler County, Pennsylvania, Rex Energy is currently completing the second and third Marcellus Shale horizontal wells of the six which had been drilled and awaiting completion. The company expects to have all six wells completed by early November 2010 at which time their jointly owned cryogenic gas processing facility is expected to be operational.

Rex Energy is continuing to inject chemicals in its alkali-surfactant-polymer unit in the Lawrence Field, Illinois. The company has reached injection of approximately 8% of the pore volume. This amount remains on schedule with previously provided timelines.

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