By Andrea: http://oilshalegas.com
Rexx Energy Corp. (REXX) released an update on the Marcellus shale in Westmoreland County, Pennsylvania. In their 2Q 2010 earnings call, they announced that their most recent horizontal well in the Marcellus shale tested at an initial production rate
of 4.9 million cubic feet per day over a 24-hour period; and its two most recent wells in Butler County, Pennsylvania tested at a combined rate of 6.7 million cubic feet of gas equivalent over a 24-hour period.
Marcellus shale is proving to be a strong asset to the company: Benjamin W. Hulburt, Rex Energy's President and CEO, commented, "Our 2010 second quarter production increased 21% compared to the second quarter or 2009. Driving this growth was a 113% increase in natural gas production from the Marcellus Shale and the addition of natural gas liquids into our production mix."
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Showing posts with label rexx. Show all posts
Showing posts with label rexx. Show all posts
Thursday, August 12, 2010
Laramie County, Wyoming: Niobrara Shale
By Andrea: http://oilshalegas.com
Rex Energy Corporation (REXX) is currently drilling their first Niobrara Shale well in Laramie County, WY. Rex Energy Corporation (REXX) will use the horizontal drilling technique to drill the well which is located 14 miles Northeast of Cheyenne. The well will be drilled approximately 8,000 feet vertically and about 4,000 feet horizontally.
Read the full story here: http://www.google.com/hostednews/ap/article/ALeqM5hWD_U_uXzGDaM3DySbId0_QJNNvwD9HHJBNO0
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Rex Energy Corporation (REXX) is currently drilling their first Niobrara Shale well in Laramie County, WY. Rex Energy Corporation (REXX) will use the horizontal drilling technique to drill the well which is located 14 miles Northeast of Cheyenne. The well will be drilled approximately 8,000 feet vertically and about 4,000 feet horizontally.
Read the full story here: http://www.google.com/hostednews/ap/article/ALeqM5hWD_U_uXzGDaM3DySbId0_QJNNvwD9HHJBNO0
For more shale updates, visit: http://blackberrystocks.blogspot.com
For more stock updates, visit: http://daytradingstockblog.blogspot.com
Thursday, December 4, 2008
Marcellus Shale: Rex Energy Provides Update
Rex Energy Corporation (REXX) provided an operational update today on its Marcellus Shale activities and 2009 capital budget.
The company is pleased to announce initial flow rates for its first two vertical test Marcellus Shale wells completed in Westmoreland County, Pennsylvania. These wells, drilled in the deeper portion of the Marcellus play, had peak flow rates of 400 and 1,200 Mcf per day respectively before being turned into sales. Each well continues to stabilize at daily production rates of 300 - 500 Mcf per day, and the high operating pressures suggest increased production is likely with further production facility optimization. The company's third vertical test well in Westmoreland County has been drilled and will be completed by mid-December.
In Clearfield County, Pennsylvania the company has recently completed drilling its first vertical test well encountering approximately 150 feet of Marcellus Shale formation. The company expects to complete the well in late December. Additionally, in Butler County, Pennsylvania area, the company participated in the drilling of two additional vertical wells with its partner. Both wells are expected to be completed during the first quarter of 2009 following installation of the company's gas processing facility.
http://ir.rexenergycorp.com/phoenix.zhtml?c=211917&p=NewsArticle&id=1232069
The company is pleased to announce initial flow rates for its first two vertical test Marcellus Shale wells completed in Westmoreland County, Pennsylvania. These wells, drilled in the deeper portion of the Marcellus play, had peak flow rates of 400 and 1,200 Mcf per day respectively before being turned into sales. Each well continues to stabilize at daily production rates of 300 - 500 Mcf per day, and the high operating pressures suggest increased production is likely with further production facility optimization. The company's third vertical test well in Westmoreland County has been drilled and will be completed by mid-December.
In Clearfield County, Pennsylvania the company has recently completed drilling its first vertical test well encountering approximately 150 feet of Marcellus Shale formation. The company expects to complete the well in late December. Additionally, in Butler County, Pennsylvania area, the company participated in the drilling of two additional vertical wells with its partner. Both wells are expected to be completed during the first quarter of 2009 following installation of the company's gas processing facility.
http://ir.rexenergycorp.com/phoenix.zhtml?c=211917&p=NewsArticle&id=1232069
Wednesday, November 19, 2008
Marcellus Shale: Rex Energy Drilling Update 11/19/08
Rex Energy ( REXX ) recently reported earnings and gave an operational update regarding the Marcellus Shale.
Rex Energy ( REXX ) has drilled three vertical test wells in Westmoreland County, Pennsylvania, two of which were fractured stimulated during October and are currently flowing back and undergoing initial testing. The third is expected to be fracture stimulated during November. The company anticipates drilling an additional two vertical test wells in Clearfield County, Pennsylvania during the fourth quarter of 2008, and participating for 50% with its partner in two vertical wells in Butler County, Pennsylvania.
Rex Energy has been active in acquiring mineral rights over the past year.
http://blackberrystocks.blogspot.com/
Rex Energy ( REXX ) has drilled three vertical test wells in Westmoreland County, Pennsylvania, two of which were fractured stimulated during October and are currently flowing back and undergoing initial testing. The third is expected to be fracture stimulated during November. The company anticipates drilling an additional two vertical test wells in Clearfield County, Pennsylvania during the fourth quarter of 2008, and participating for 50% with its partner in two vertical wells in Butler County, Pennsylvania.
Rex Energy has been active in acquiring mineral rights over the past year.
http://blackberrystocks.blogspot.com/
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