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Stock Market & Financial Investment News

News Breaks
February 26, 2013
16:06 EDTREXXRex Energy reports Q4 adjusted EPS 11c, consensus 9c
Reports Q4 operating revenue $45.1M, consensus $42.62M. Q4 net production volumes were 73.9 MMcfe/d, consisting of 52.5 MMcfe/d of natural gas and 3.6 Mboe/d of oil and NGLs. Oil and NGLs accounted for 29% of total net production during Q4.
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August 12, 2014
16:22 EDTREXXRex Energy acquires SWEPI, LP for $120M in cash
Rex Energy (REXX) has entered into a definitive purchase agreement with SWEPI, LP, an affiliate of Royal Dutch Shell (RYDAF), to acquire a 100% interest in approximately 208K gross acres prospective for the Marcellus, Upper Devonian/Burkett and Utica Shales in Pennsylvania and Ohio for approximately $120M in cash. The transaction is expected to close in September. The assets to be acquired are located in Armstrong, Beaver, Butler, Lawrence, Mercer and Venango counties in Pennsylvania and Columbiana and Mahoning counties in Ohio. The additional acreage, combined with recent leasing, will bring Rex Energy's position in its Butler Operated Area to approximately 298K gross acres.
16:19 EDTREXXRex Energy files to sell $125M of depositary shares
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