Headquartered in State College, Pennsylvania, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin. The company's strategy is to puruse its higher potential exploration drilling prospects while acquiring oil and natural gas properties complementary to its portfolio.
27% year-over-year production growth in 2015
FY 2016 operational capital expenditure budget of $35.5 million; ~5% production growth in 2016 average daily production vs. 2015 average daily production
Improved well-level economics in Butler Operated Area due to increased average lateral length, strong well performance, reduced cycle times and adjustemnts in expected realized prices
Focused on reducing lease operating and general and administrative expenses through cost conscientious operations and economies of scale