Rex Energy has just released production numbers for its first three Warrior South Prospect wells in the Ohio Utica Shale (Noble County). Rex’s CEO, Tom Stabley, called the results “strong” and “impressive,” and indeed they are good numbers. The wells produced on the on the order of 4.2-4.7 million cubic feet of methane per day, 724-763 barrels of natural gas liquids per day, and 228-247 barrels of condensate per day. While we’ve seen better methane flow rates from other Utica wells, all three production metrics together (methane, NGLs and condensate) make these wells very profitable indeed.
The full Rex announcement from yesterday: