Rex Energy Plans to Invest $200M on Marcellus/Utica Drilling in 2013
Rex Energy is planning to invest nearly $200 million on shale drilling in the Marcellus and Utica Shale in 2013. Around $107 million of that will be allocated for drilling in the Marcellus, in the Butler County, PA area, and about $85 million will be spent on Utica Shale drilling in Ohio. See a Rex presentation embedded below for full details of their 2013 drilling plans.
Here’s a rundown of their plans for Ohio’s Utica Shale from the Energy in Depth – Ohio website: