Company Profile For Rex Energy Corporation

Rex Energy Corporation (REXX.O) (Consolidated Issue listed on NASDAQ Global Market)

sector: Energy · industry: Oil & Gas Exploration & Production ·

As of 25 Nov 2009

9.61USD

Price Change

+0.28

Percent Change

+3.00%

Analyst Recommendations

Overview

Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin and the Appalachian Basin. The Company is an oil producer in the Illinois Basin, with an average production of 2,121 barrels of oil during the year ended December 31, 2008. In addition to its developmental shallow oil drilling in the Illinois Basin, the Company has implemented an oil recovery project (EOR), in the Lawrence Field in Lawrence County, Illinois. In the Appalachian Basin, the Company developed shallow natural gas drilling and exploratory drilling, including its Marcellus Shale drilling projects. During 2008, the Company commenced injection operations in its two alkali-surfactant-polymer pilot projects in the Lawrence Field. The Company drilled and completed 64 gross wells during 2008.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Rex Energy Corporation's revenues decreased 55% to $20.4M. Net loss from continuing operations decreased 76% to $10.8M. Revenues reflect decreased income from oil & natural gas sales due to lower average realized price. Lower loss reflects decreased production & lease operating expenses, lower exploration expenses of oil & gas properties and decreased loss on derivatives.