Rex Energy (REXX) Tops Q3 EPS by 10c

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Rex Energy Reports Third Quarter 2017 Financial and Operational Results

November 14, 2017 4:01 PM EST

STATE COLLEGE, Pa., Nov. 14, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq: REXX) today announced its third quarter 2017 financial and operational results.

In Butler Legacy, placed four-well Wilson pad into sales; initial 24-hour average sales rate per well of ~10.9 MMcfe/dIn Moraine East, the two-well Frye pad produced at an average 30-day sales rate per well of 8.5 MMcfe/d with 56% liquidsProduction volumes from the third quarter of 2017 were 182.0 MMcfe/d, including 38% from liquidsFourth quarter 2017 production expected to increase 10% sequentially, at midpoint of guidanceRealized C3+... More