Rex Energy (REXX) Sees FY15 Cap. Budget Up to $220M
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Rex Energy Announces 2015 Capital Budget and Production Guidance and Provides a Financial Update
December 22, 2014 4:01 PM ESTSTATE COLLEGE, Pa., Dec. 22, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation ("Rex Energy") (Nasdaq: REXX) today announced its 2015 capital budget and production guidance and provided a financial update.
2015 Capital Budget and Production Guidance
The company expects its 2015 operational capital expenditures to be between $180 million and $220 million, a decrease of approximately 44% from the midpoint of its 2014 capital expenditure guidance and a decrease of 43% from the midpoint of its previously announced preliminary 2015 capital expenditure plans. Despite this reduced level of capital expenditures, the company anticipates that its average daily production for 2015... More
