Rex Energy Announces Significant Acquisition in Its Butler Operated Area
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Rex Energy (REXX) Announces Significant Acquisition in Butler Operated Area
August 12, 2014 4:22 PM EDTRex Energy (Nasdaq: REXX) announced the acquisition of approximately 208,000 gross (207,000 net) acres in the company's Butler Operated Area.
Acquisition
Rex Energy has entered into a definitive purchase agreement with SWEPI, LP, an affiliate of Royal Dutch Shell, plc ("Shell") to acquire a 100% interest in approximately 208,000 gross (207,000 net) acres prospective for the Marcellus, Upper Devonian/Burkett and Utica Shales in Pennsylvania and Ohio for approximately $120 million in cash, subject to customary closing adjustments. The transaction is expected to close in September 2014.
The assets to be acquired are located in Armstrong, Beaver,... More
Rex Energy (REXX) Announces 1.25M Depositary Shares Offering
August 12, 2014 4:21 PM EDTRex Energy (Nasdaq: REXX) announced that it intends to offer, subject to market conditions, 1.25 million depositary shares, each representing a 1/100th interest in a share of convertible perpetual preferred stock, Series A ( the " Series A Convertible Preferred Stock") with a liquidation preference of $10,000... More
