Edition:
United States

Rex Energy Corp (REXX.O)

REXX.O on Nasdaq

0.55USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Rex Energy provides operational update
Monday, 12 Sep 2016 07:30am EDT 

Rex Energy Corp : Rex energy provides operational update . Says expects Q3 2016 production to be at high-end of previously announced guidance range of 190 - 195 mmcfe/d . Expects to begin transporting natural gas volumes from its butler operated area to gulf coast and midwest beginning November 1, 2016 . Benefit Street Partners L.L.C.(BSP) has elected into next four wells in development program, four-well Vaughn pad in warrior north area . Rex energy corp says BSP's election increases total capital commitment to date by BSP from $98.1 million to $120.1 million .Company is currently drilling second of four wells on Vaughn pad and expects to place four wells into sales in December 2016.  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

Rex Energy Corp gives Q4 2015 production guidance; reaffirms FY 2015 production guidance
Monday, 9 Nov 2015 04:01pm EST 

Rex Energy Corp:Expects Q4 2015 production volumes to be 183.0 - 191.0 MMcfe/d.Expects FY 2015 production volumes to be 193.0 - 203.0 MMcfe/d.  Full Article

Rex Energy Declares Dividend on Series A Preferred Depository Shares
Tuesday, 20 Oct 2015 04:00pm EDT 

Rex Energy Corp:Declared a quarterly cash dividend of $150.00 per share on its 6.0 pct Series A convertible perpetual preferred stock.As a result, on Nov. 15, a dividend of $1.50 per depository share, each representing a 1/100(th)interest in a share of Series A convertible perpetual preferred stock will be paid to holders of record at the close of business on Nov. 1.  Full Article

Rex Energy Corp gives Q3 2015 production guidance; Reaffirms FY 2015 production guidance
Tuesday, 4 Aug 2015 04:01pm EDT 

Rex Energy Corp:Expects Q3 2015 production volumes to be 197.0 - 202.0 MMcfe/d.Expects FY 2015 production volumes to be 193.0 - 203.0 MMcfe/d.  Full Article

Rex Energy Corporation declares dividend on series A preferred depository shares
Tuesday, 21 Jul 2015 04:01pm EDT 

Rex Energy Corporation:Declares quarterly cash dividend of $150.00 per share on its 6.0% Series A convertible perpetual preferred stock.Says as a result, on Aug. 15, a dividend of $1.50 per depository share, each representing a 1/100(th)interest in a share of Series A convertible perpetual preferred stock will be paid to holders of record at the close of business on Aug. 01.  Full Article

Rex Energy Corp increases FY 2015 production guidance; gives Q2 2015 guidance
Tuesday, 5 May 2015 04:01pm EDT 

Rex Energy Corp:Expects Q2 2015 production volumes to be 199.0 -- 205.0 MMcfe/d.Increasing FY 2015 production guidance by 8.0 MMcfe/d at the midpoint to 193.0 -- 203.0 MMcfe/d from previously announced guidance of 185.0 -- 195.0 MMcfe/d.  Full Article

BRIEF-Rex Energy announces re-affirmed borrowing base of $190 mln

* Company's next borrowing base redetermination is scheduled to occur in April 2017 Source text for Eikon: Further company coverage: