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…

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