Rex Energy Completes its First Utica Well in Western PA

#1Rex Energy has just completed drilling and fracking its first horizontal Utica Shale well in western Pennsylvania and plans to bring it online once a gathering pipeline to the well is completed in January.

Rex Energy completed its initial horizontal Utica Shale test well, the Cheeseman #1H. The well had a lateral length of 3,551 feet and was completed with 12 stages of fracture stimulation. The well is located in Muddy Creek Township, Butler County, Pennsylvania and had a stabilized 24-hour test rate of 9.2 MMcf/d of dry natural gas. The well is currently shut in and current plans are to have the well placed into sales once the gathering line is completed, which is scheduled for January 2012. The company is encouraged by these results and plans to drill and complete additional Utica Shale wells in Butler County during its 2012 drilling program. Rex will discuss its Pennsylvania Utica Shale development plans and expected well costs in December when the 2012 capital budget is released.*

*Rex Energy Press Release (Nov 1, 2011) – Rex Energy Exceeds Third Quarter Production Guidance and Discloses Initial Horizontal Utica Shale Well Results

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