Rex Energy Looks to Sell 28,300 Marcellus Acres in Bid to Raise $

Last week Rex Energy released its 2014 year in review and projected some numbers for 2015 (see Rex Energy 2014: Revenues Up 39%, Production Up 66%, 50 New Wells). A day later the company hosted an analyst/investor conference call. In reviewing that call, there was some news of interest. Rex said it is considering selling 28,300 non-operated acres in Westmoreland, Clearfield and Centre counties (PA) as a way of raising more money. Officials also said they’re looking for a buyer for their 60% stake in Keystone Clearwater Solutions, an oilfield services company, and a joint venture partner with Rex in its Moraine East acreage. Huh. Below are excerpts from last week’s Rex conference call along with their latest PowerPoint presentation…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.