April 24, 2017 / 12:14 PM / 6 months ago

BRIEF-Rex Energy reports Q1 production was 173.4 MMCFE/D

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 Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below