Rex Energy (REXX) Tops Q4 EPS by 1c
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Rex Energy Reports Fourth Quarter and Full Year 2016 Operational and Financial Results
March 7, 2017 4:01 PM ESTImproved well design in Warrior North results in increased EURs and rate of returnsIn Warrior North, placed four-well Vaughn pad into sales; 5-day average sales rate per well of 1.5 Mboe/d and 65% liquidsLiquids production accounted for 44% of total commodity revenues for the fourth quarter of 2016Realized C3+ NGL pricing for fourth quarter of 2016 was 56% of WTI before hedgingIncreased 2017 realized C3+ NGL pricing, before hedging, to 50% - 55% of WTI oil pricesProduction from continuing operations for the fourth quarter of 2016 was 194.9 MMcfe/d, a 12% year-over-year increase, including 38% from liquids2016 net operational capital... More
