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News Breaks | | | | July 17, 2012 | | 08:05 EDT |  | REXX | Rex Energy reports Q2 net production volumes were 62.5 MMcfe/d
Second quarter 2012 net production volumes were 62.5 MMcfe/d, consisting of 46.3 MMcfe/d of natural gas and 2.7 MBoe/d of oil and natural gas liquids, which represents an increase of 78% over Q2 of 2011 and an increase of 3% over Q1 of 2012. Production for the first six months of 2012 totaled 61.6 MMcfe/d, which represents an increase of 97% over the first six months of 2011. Oil and natural gas liquids accounted for 26% of the total net production for Q2 of 2012. Second quarter 2012 production was constrained by an estimated 1.2 – 1.8 MMcfe/d due to involuntary production curtailments in the company's non-operated area in Westmoreland County, Pennsylvania and extended downtime associated with the startup of the recently-commissioned Bluestone Plant. Revenues from oil, natural gas and natural gas liquids for Q2 of 2012 totaled approximately $27.7M, of which 63% was from oil and natural gas liquids, as compared to $31.5M during Q1 of 2012. | |
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