Rex Energy Corporation Completes Sale, Nets $17.3 Million

Rex Energy Corporation announced that it has closed on the sale of its Southwestern Region assets for net cash proceeds of approximately $17.3 million, subject to any final closing adjustments. The sale to Adventure Exploration Partners, LLC of Midland, Texas consisted of properties in Texas and New Mexico, predominately located in the Permian Basin. The sale of these non-core assets was part of Rex... 

Rex Energy Corporation Executes Sales Agreement for Its Southwestern Region Assets

Rex Energy Corporation announced that its wholly-owned subsidiary, Rex Energy I, LLC, has entered into a definitive purchase and sale agreement with Adventure Exploration Partners, LLC of Midland, Texas for the sale of its Southwestern Region assets for $18 million, subject to customary adjustments. The assets consist of properties owned by the company in Texas and New Mexico, predominantly located... 

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Rex Energy Corporation Provides Operational Update For ASP Flood Pilot Projects and Marcellus Shale Activities

Rex Energy Corporation provided an operations update today on its two major projects, the ASP flood pilot projects in the Illinois Basin and the Marcellus Shale project in the Appalachian Basin. In the company’s Alkali-Surfactant-Polymer (“ASP”) flood project, injection of the ASP chemicals is continuing in the two pilot projects in the Lawrence field. The company’s Bridgeport Sandstone ASP... 

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Rex Energy Corporation Broadcasting Its Second-Quarter 2008 Conference Call on the Web

Rex Energy Corporation told the press that the company is going to broadcast its second quarter 2008 earnings conference call live over the Internet on Wednesday August 6, 2008 at 10:30 a.m. Eastern time with Benjamin W. Hulburt, President and Chief Executive Officer, and Thomas Stabley, Executive Vice President and Chief Financial Officer. This webcast can be accessed through the Company’s Web site,... 

Butta the Vice President of Oil and Natural Gas Marketing

Rex Energy Corporation told the press that the company has named Mark A. Butta as Vice President of Oil and Natural Gas Marketing and Transportation. A 25-year veteran in the oil and natural gas industry, Mr. Butta will oversee Rex Energy’s oil and natural gas marketing and transportation department and will report to William L. Ottaviani, Executive Vice President and Chief Operating Officer. Prior...