Rex Energy Corporation (NASDAQ:REXX) Files An 8-K Results of Operations and Financial ConditionItem 2.02
On August8, 2017, Rex Energy Corporation issued a press release announcing its operational and financial results for the second quarter 2017. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information under this heading, including the related Exhibit 99.1, shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such a filing.
| Item 2.02 | Financial Statements and Exhibits. |
(d) Exhibits.
|
Exhibit Number |
Exhibit Title |
| 99.1 | Press Release of Rex Energy Corporation dated August8, 2017. |
REX ENERGY CORP ExhibitEX-99.1 2 d407265dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Rex Energy Reports Second Quarter 2017 Financial and Operational Results • New BP Energy Company marketing arrangement enhances C3+ pricing structure and stabilizes cash flows on a quarter-to-quarter basis • New marketing arrangement allows Rex to reduce outstanding letters of credit by $14.1 million,…To view the full exhibit click here
About Rex Energy Corporation (NASDAQ:REXX)
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky.
