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Rex Energy Corp (REXX.PH)

REXX.PH on Philadelphia Stock Exchange

3.70USD
22 May 2017
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Latest Key Developments (Source: Significant Developments)

Rex Energy says to reduce authorized number of shares to 100 mln
Monday, 15 May 2017 08:26am EDT 

May 15 (Reuters) - Rex Energy Corp :Rex Energy - on May 12, 2017 , co filed a certificate of amendment to certificate of incorporation of Rex Energy Corporation with secretary of state of state of delaware.Rex Energy - amend certificate of incorporation to effectuate a previously announced one-for-ten reverse stock split of company's common stock - SEC filing.Rex Energy - amend its certificate of incorporation to reduce authorized number of shares of company's common stock from 200 million to 100 million.  Full Article

Rex Energy reports qtrly adjusted net loss of $0.06 per share
Tuesday, 9 May 2017 04:01pm EDT 

May 9 (Reuters) - Rex Energy Corp :Rex Energy Corp says adjusted net loss for three months ended March 31, 2017 was $5.5 million, or $0.06 per share.Rex Energy Corp says Q1 2017 production volumes from continuing operations were 173.4 mmcfe/d.Rex Energy -operating revenue from continuing operations for three months ended March 31, 2017 was $52.1 million, which represents an increase of 103% from last year.Rex Energy Corp - qtrly earnings per share from continuing operations $ 0.02.Rex Energy Corp says qtrly total operating revenue $52.1 million versus. $25.7 million last year.Q1 earnings per share view $-0.06, revenue view $47.4 million -- Thomson Reuters I/B/E/S.Rex Energy Corp sees Q2 production 179.0 - 184.0 mmcfe/d.Rex Energy Corp sees 2017 production 194.0 - 204.0 mmcfe/d.Rex Energy Corp says expects four-well baird pad in Moraine East to be placed into sales on June 1, 2017.Rex Energy -expects natural gas basis differentials, including effects of basis hedges, to be in range of $0.25 - $0.35 off of Nymex for Q2 of 2017.  Full Article

Rex Energy expects 31pct - 36pct year-over-year production growth
Thursday, 4 May 2017 07:30am EDT 

May 4 (Reuters) - Rex Energy Corp : :Rex energy announces updated two-year financial and operational plan, highlighted by an increase to expected production growth in 2018.Expect 31pct - 36pct year-over-year production growth in 2018.Sees 2017 exit rate production growth (Dec. 2017 versus. Dec. 2016) of 15pct - 20pct.Targeting two-year compounded annual production growth rate of 15pct - 20pct by 2018.Sees exit rate production growth for 2018 of 10pct - 15pct (Dec. 2018 versus. Dec. 2017).Rex Energy's net operational capital expenditures for 2017 are expected to be in range of $115.0 - $130.0 million.Estimates for average daily production remain in range of 194.0 - 204.0 MMCFE/D for FY 2017.Full-Year 2018 net operational capital expenditures are expected to be in range of $65.0 - $80.0 million.For full-year 2018, Rex Energy estimates that average daily production will be in range of 255.0 - 265.0 MMCFE/D.Production growth in 2017 and 2018 to result in about $8.0 million - $9.0 million reduction in unutilized processing capacity fees.  Full Article

Rex Energy reports Q1 production was 173.4 MMCFE/D
Monday, 24 Apr 2017 07:30am EDT 

April 24 (Reuters) - Rex Energy Corp :Q1 production was 173.4 MMCFE/D, consisting of 110.1 MMCF/D of natural gas, 9.7 MBOE/D of NGLS, 0.8 MBOE/D of condensate.During Q1 of 2017, realized natural gas prices, before effects of hedging, improved approximately 42 pct as compared to Q4 2016.Continues to expect full-year 2017 realized C3+ NGL prices to average approximately 50 pct - 55 pct of WTI.Four Wells on Wilson Pad are expected to be placed into sales in Q3 of 2017.Expect to see "substantial production growth" in back half of 2017.  Full Article

Rex Energy sees FY 2017 net operational CapEx $70-$80 mln
Tuesday, 7 Mar 2017 04:01pm EST 

Rex Energy Corp : Production from continuing operations for Q4 of 2016 was 194.9 mmcfe/d, a 12% year-over-year increase . Rex Energy Corp - operating revenue from continuing operations for 3 months ended dec 31, 2016 was $48.0 million, represents increase of 75% . Rex Energy - operating revenue from continuing operations for three months ended Dec 31, 2016 was $48.0 million, which represents an increase of 75% . Sees Q1 2017 production 173.0 - 175.0 mmcfe/d . Sees FY 2017 production 194.0 - 204.0 mmcfe/d .Sees FY 2017 net operational capital expenditures $70.0 - $80.0 million.  Full Article

Rex Energy reports qtrly adj. loss of $0.14 per share
Tuesday, 8 Nov 2016 04:16pm EST 

Rex Energy Corp : Rex Energy reports third quarter operational and financial results . Qtrly production from continuing operations of 197.8 mmcfe/d, an 8% increase year-over-year . Rex Energy Corp says reaffirmed borrowing base of $190 million; next redetermination scheduled for spring 2017 . Rex Energy Corp says adjusted net loss, a non-gaap measure, for three months ended september 30, 2016 was $12.3 million, or $0.14 per share . Sees Q4 production of 194.0 mmcfe/d - 200.0 mmcfe/d . Rex Energy Corp - reaffirmed borrowing base of $190 million, next redetermination scheduled for spring 2017 . Qtrly diluted net loss from continuing operations attributable to rex energy common shareholders $0.19 . Q3 earnings per share view $-0.16 -- Thomson Reuters I/B/E/S .Qtrly total operating revenue $34 million versus $29.7 million.  Full Article

Rex Energy provides update on Moraine East joint development agreement
Tuesday, 21 Jun 2016 07:30am EDT 

Rex Energy Corp : Rex Energy provides update on Moraine East joint development agreement and Appalachian Basin operations . With additional capital commitment from BSP, co expects full year 2016 net operational capital expenditures to be approximately $35.5 million for Moraine East area . Continues to focus on cost control measures and anticipates that it will be able to achieve further cost reductions and efficiencies in 2016 .Liquidity will enable Rex Energy to continue plan to hold majority of Appalachian Basin acreage by production by mid-year 2017.  Full Article

Rex energy announces senior secured second lien notes exchange offer
Wednesday, 1 Jun 2016 07:00am EDT 

Rex Energy Corp : Rex energy announces 1.00%/8.00% senior secured second lien notes exchange offer .Commenced offer to exchange up to $631.4 million aggregate principal amount of its 1.00%/8.00% senior secured second lien notes due 2020.  Full Article

Rex Energy Q1 adjusted net loss $0.27 per share
Tuesday, 10 May 2016 04:01pm EDT 

Rex Energy Corp : Q1 2016 production volumes were approximately 200.0 MMCFE/D, an increase of 2% over Q1 of 2015 . For full year 2016, company continues to expect production growth of 5% - 10% . operating revenues from continuing operations for quarter were $30.5 million, which represents a decrease of 44% as compared to same period in 2015 . Qtrly adjusted net loss for three months ended march 31, 2016 was $15.4 million, or $0.27 per share .Qtrly net loss attributable to common shareholders was $62.2 million, or $1.11 per basic share.  Full Article

Rex Energy Corp announces $175 Million Joint Exploration and Development Agreement
Tuesday, 1 Mar 2016 04:01pm EST 

Rex Energy Corp:$175 million joint exploration and development agreement in moraine east and warrior north operated areas.Agreement with affiliate of benefit street partners to jointly develop 58 wells in moraine east and warrior north operated areas.Benefit street partners has committed to fund 15% of first 16 wells in moraine east and 65% of six wells in warrior north.  Full Article

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BRIEF-Rex Energy says to reduce authorized number of shares to 100 mln

* Rex Energy - on May 12, 2017 , co filed a certificate of amendment to certificate of incorporation of Rex Energy Corporation with secretary of state of state of delaware