Rex Energy’s Oil and Gas Reserves Increase 57%

STATE COLLEGE, Pa. -- Rex Energy Corp. reported Tuesday that as of Dec. 31 it had increased its proved reserves by 57% in the Appalachian basin to 1.3 trillion cubic feet equivalent of natural gas, natural gas liquids and oil in the Marcellus and Utica shale plays. The bulk of these holdings are located in the company's Butler Operated Area in western Pennsylvania, the company said. Rex said the Butler Operated Area contains a total of 1.041 trillion cubic feet equivalent of proved reserve

Read this article NOW for Free...

...and get Full Access to all our articles each month.
How? Simply sign up here (no credit card required) to get access now.

Already registered for a FREE ONLINE account? Log In

Copyright 2020 The Business Journal, Youngstown, Ohio.