Rexx Energy +5.5% after strong Q4, full-year production results

|About: Rex Energy Corporation (REXX)|By:, SA News Editor

Rexx Energy (REXX +5.5%) gains after saying Q4 production reached a record 110.4M cfe/day, up 12% Q/Q and 49% Y/Y, and total 2013 production grew by ~38%.

The six-well Baillie Trust pad in the Butler operated area was placed into sales at an average five-day sales rate per well of nearly 6M cfe/day from four vertically offset stacked laterals, and the five-well J. Anderson pad in the Warrior South Prospect produced at an average last five-day sales rate of 1,852 boe/day per well.

Sees 2014 production of 143M-149M cfe/day.