Rex Energy (REXX) Tops Q2 EPS by 6c
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Rex Energy Reports Second Quarter Operational and Financial Results
August 2, 2016 4:02 PM EDTProduction from continuing operations of 199.1 MMcfe/d, a 2% increase year-over-year; production from full operations of approximately 209.0 MMcfe/dPlaced three-well Goebeler pad into sales in Warrior North Prospect - 24-hour sales rate of 2.1 Mboe/d; 72% liquidsG&A per Mcfe and cash G&A per Mcfe reduced by 36% year over year to $0.27 and $0.20, respectivelyAnnounced sale of Illinois Basin assets for $40 million; potential for additional proceeds of up to $10 millionExchanged $29.1 million of Senior Notes for common stock in the second quarter and an additional $43.5 million in third quarter 2016; cash interest savings exceeding $22.0 million over the... More
