Key Developments: Rex Energy Corp (REXX.O)

REXX.O on Nasdaq

5.91USD
17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Rex Energy Corp announces management change
Thursday, 6 Nov 2014 05:10pm EST 

Rex Energy Corp:Announces that its Chief Financial Officer, Michael Hodges, has decided to resign from his position effective Jan. 31, 2015.  Full Article

Rex Energy Corp reaffirms Q4, FY 2014 production outlook
Tuesday, 4 Nov 2014 04:01pm EST 

Rex Energy Corp:Expects Q4 2014 production in the range of 179.0 -- 185.0 MMcfe/d.Expects FY 2014 production in the range of 150.0 -- 152.0 MMcfe/d.  Full Article

Rex Energy Corp issues Q4 2014 production guidance and raises FY 2014 production guidance
Monday, 20 Oct 2014 07:00am EDT 

Rex Energy Corp:Expects Q4 2014 production volumes to range from 179.0 MMcfe/d-185.0 MMcfe/d.Raises FY 2014 by 3.0 MMcfe/d at the midpoint to 150.0 MMcfe/d -152.0 MMcfe/d from its previously announced guidance of 146.0 MMcfe/d-150.0 MMcfe/d.The increase in full year production guidance is due to strong production results from the company's existing producing properties.  Full Article

Rex Energy Corp declares dividend
Monday, 20 Oct 2014 07:00am EDT 

Rex Energy Corp:Declares quarterly cash dividend of $145.00 per share on its 6.0 pct Series A convertible perpetual preferred stock, which is dividend payable from original issue date of Aug. 18 through Nov. 14.  Full Article

Rex Energy Corp sees Q3 2014 production guidance to be at or slightly above high end of prior range
Monday, 15 Sep 2014 07:00am EDT 

Rex Energy Corp:Expects Q3 2014 production to be at or slightly above the high end of the previously announced third quarter production guidance of 159.0 -- 165.0 MMcfe/d.  Full Article

Rex Energy Corp completes Butler Operated Area Acquisition
Tuesday, 9 Sep 2014 05:24pm EDT 

Rex Energy Corp:Closes Butler Operated Area acquisition from SWEPI, LP, an affiliate of Royal Dutch Shell plc (Shell).Total consideration paid was about $120 mln and the transaction has an effective date of July 1, 2014.Final purchase price is subject to customary post-closing adjustments.Says it will funded the transaction primarily from the net proceeds of its recent offering of convertible perpetual preferred stock.  Full Article

Rex Energy announces pricing of $140 mln of depositary shares representing convertible perpetual preferred stock
Wednesday, 13 Aug 2014 09:14am EDT 

Rex Energy Corp:Announces that it has priced its registered offering of 1.4 million depositary shares, each representing a 1/100 interest in a share of 6.0 pct convertible perpetual preferred stock, Series A, with a liquidation preference of $10,000 per share.Offering is expected to close on Aug. 18.Net proceeds to Rex Energy from the offering will be about $135.2 million.Intends to use the net proceeds from the offering to fund its Appalachian Basin acquisition from SWEPI, LP, an affiliate of Royal Dutch Shell plc, and the remainder to fund our capital expenditures program and for general corporate purposes.  Full Article

Rex Energy Corp announces proposed offering of $125 million of depositary shares representing convertible perpetual preferred stock
Tuesday, 12 Aug 2014 04:15pm EDT 

Rex Energy Corp:Intends to offer, 1.25 mln depositary shares, each representing a 1/100(th)interest in share of convertible perpetual preferred stock, Series A with a liquidation preference of $10,000 per preferred share.Offering is being made pursuant to an effective registration statement that Rex Energy filed with the Securities and Exchange Commission.Company intends to grant the underwriters a 30-day option to purchase up to 187,500 additional depositary shares to cover overallotments, if any.Final terms of the offering of Series A Convertible Preferred Stock, including but not limited to, offering price, conversion price and dividend rate, will be determined at the time of pricing.Rex Energy intends to use net proceeds from the offering to fund Appalachian Basin acreage acquisition from SWEPI, LP, an affiliate of Royal Dutch Shell plc, and the remainder to fund capital expenditures program and for general corporate purposes.  Full Article

Rex Energy Corp announces acquisition in Butler Operated Area
Tuesday, 12 Aug 2014 04:15pm EDT 

Rex Energy Corp:Acquires about 208,000 gross (207,000 net) acres in company's Butler Operated Area.Enters into definitive purchase agreement with SWEPI, LP, affiliate of Royal Dutch Shell, plc (Shell) to acquire a 100 pct interest in about 208,000 gross (207,000 net) acres prospective for the Marcellus, Upper Devonian/Burkett and Utica Shales in Pennsylvania and Ohio for about $120 mln in cash.Transaction is expected to close in Sept. 2014.Assets to be acquired are located in Armstrong, Beaver, Butler, Lawrence, Mercer and Venango counties in Pennsylvania and Columbiana and Mahoning counties in Ohio.Additional acreage, combined with recent leasing, will bring Rex Energy's position in its Butler Operated Area to approximately 298,000 gross acres.  Full Article

Rex Energy Corp raises FY 2014 production outlook; gives Q3 2014 production outlook
Monday, 28 Jul 2014 04:01pm EDT 

Rex Energy Corp:Announces Q3 2014 Production Guidance and Increases FY 2014 Production Guidance.Expects Q3 2014 production to range from 159.0 MMcfe/d -- 165.0 MMcfe/d.Increases FY 2014 production guidance by about 2.0 MMcfe/d at the midpoint to 146.0 MMcfe/d -- 150.0 MMcfe/d from previously announced guidance of 143.0 MMcfe/d -- 149.0 MMcfe/d.  Full Article

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