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United States

Rex Energy Corp (REXX.O)

REXX.O on Nasdaq

0.65USD
29 Jul 2016
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Mon, Jul 25 2016

BRIEF-Rex Energy to exchange debt for common shares

* Rex Energy Corp says with the transaction, total interest expense savings from exchange will be approximately $11.1 million

BRIEF-Rex Energy re-affirms borrowing base of $190 mln

* Rex Energy announces re-affirmed borrowing base of $190 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

BRIEF-Rex Energy provides update on Moraine East joint development agreement

* Rex Energy provides update on Moraine East joint development agreement and Appalachian Basin operations

BRIEF-Rex Energy sees FY 2016 net operational capital expenditures $35.5 mln

* Continues to focus on cost control measures and anticipates that it will be able to achieve further cost reductions and efficiencies in 2016

BRIEF-Rex Energy announces sale of Illinois Basin asset

* Rex Energy Corp is selling its entire interest in Basin and expects to receive proceeds at closing of approximately $40 mln

BRIEF-Rex energy announces senior secured second lien notes exchange offer

* Rex energy announces 1.00%/8.00% senior secured second lien notes exchange offer

BRIEF-Rex Energy Q1 adjusted net loss $0.27 per share

* Q1 2016 production volumes were approximately 200.0 MMCFE/D, an increase of 2% over Q1 of 2015

BRIEF-Rex Energy enters exchange agreements

* On april 19, entered exchange agreements with a certain holder of company's 8.875% senior notes due 2020, 6.250% senior notes due 2022

BRIEF-Rex Energy enters new agreement with INEOS Europe AG for purchase of natural gas liquids from Appalachian Basin

* Rex energy says INEOS Europe AG and co enter new agreement for purchase of natural gas liquids from Appalachian Basin for offtake to Europe

BRIEF-Rex Energy Q4 non-GAAP shr loss $0.20

* q4 2015 production volumes were 186.1 mmcfe/d, a decrease of 4% from q3 of 2015

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