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Stock Market & Financial Investment News

News Breaks
August 12, 2014
16:19 EDTREXXRex Energy files to sell $125M of depositary shares
Rex Energy filed to sell 1.25M depositary shares, each representing a 1/100th interest in a share of convertible perpetual preferred stock, Series A with a liquidation preference of $10,000 per preferred share. RBC Capital Markets is acting as the Sole Structuring Advisor and Sole Bookrunner.
News For REXX From The Last 14 Days
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March 17, 2015
10:00 EDTREXXOn The Fly: Analyst Downgrade Summary
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09:14 EDTREXXRex Energy downgraded to Neutral from Buy at Global Hunter
March 16, 2015
07:29 EDTREXXRex Energy provides operational update
Rex Energy provided an operational update on the company's Appalachian Basin operations. During Q1, the company placed the four-well Powell pad into sales. The four-well Powell pad was drilled with an average lateral length of 5,500 feet and completed with an average sand concentration of approximately 2,300 pounds per foot. The four-well Powell pad produced at an average 5-day sales rate per well of approximately 9.3 MMcfe/d. The company has also placed the two-well Hamilton pad into sales. The two wells on the pad were drilled with an average lateral length of approximately 4,700 feet and completed with an average sand concentration of approximately 2,300 pounds per foot. The two-well Hamilton pad produced at an average 5-day sales rate per well of approximately 7.8 MMcfe/d. The company has released its second rig in the Appalachian Basin and expects to run a one-rig program through the remainder of 2015. In the Moraine East Area, the company has completed drilling the final well of the four-well Renick pad. The four wells on the pad were drilled to an average lateral length of approximately 5,820 feet. The company expects to begin completion operations on the four-well Renick pad at the end of March 2015. As previously announced, the company's Q1 production had been constrained, in part because of involuntary production curtailments in the Warrior North Prospect due to downtime at the Blue Racer compressor station. The issue at the Blue Racer compressor station has been resolved and the company does not anticipate future production to be constrained in the Warrior North Prospect.

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