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Rex Energy Flows Oil From Utica Well

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September 27, 2012

Rex Energy Corp. (Nasdaq:REXX) announced initial production results from its first Ohio Utica shale well and provided an update on its operations.

The Brace #1H, located in Carroll County, Ohio, was brought online to sales from its 60-day resting period at a 24-hour sales rate, assuming full ethane recovery, of 1,094 BOE/d (43% NGLs, 31% gas, 26% condensate). The well went on to average a five-day sales rate, assuming full ethane recovery, of 1,008 BOE/d (43% NGLs, 30% gas, 27% condensate). The well produced with an average casing pressure of ...

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