Seeking Alpha
 

Rex Energy Corporation (REXX)

- NASDAQ
  • Wed, Jan. 28, 9:14 AM
    | 3 Comments
  • Tue, Jan. 20, 8:59 AM
    • Rex Energy (NASDAQ:REXX) +4.9% premarket after providing an update on its core operations, which included a 66% increase in full-year production to 154.4M cfe/day and a 15% increase in Q/Q production to 196M cfe/day.
    • Says Q4 average daily production from oil, condensate and natural gas liquids reached a record 12.1M boe/day, up 16% Y/Y.
    • Achieved well cost reduction of ~5% in the Butler Operated Area, with an additional 3%-5% expected in mid-year 2015.
    • REX says it now has ~80% of its natural gas production and 70% of its oil and condensate production hedged above current market prices.
    • Reports cash on hand of ~$18M from its continuing operations with no borrowings outstanding from its $400M credit facility.
    | Comment!
  • Fri, Jan. 16, 5:36 PM
    | 1 Comment
  • Mon, Jan. 12, 12:46 PM
    | Comment!
  • Dec. 29, 2014, 5:42 PM
    • Top gainers, as of 5:15 p.m.: AREX +7.1%. ECR +7.1%. CDE +5.0%. EPE +3.9%. ECYT +3.6%.
    • Top losers, as of 5:15 p.m.: OSGB -5.5%. RNET -5.1%. MDU -3.4%. GTI -3.2%REXX -3.02%.
    | 1 Comment
  • Dec. 22, 2014, 12:50 PM
    | Comment!
  • Dec. 5, 2014, 5:40 PM
    • Top gainers, as of 5:15 p.m.: TPLM +4.2%. MDGN +4.1%. REXX +2.4%. AUQ +2.2%. NGD +1.9%.
    • Top losers, as of 5:15 p.m.: ZAYO -2.9%. MORE -2.4%. EFC -2.3%. SN -1.8%. SD -1.7%.
    | 1 Comment
  • Nov. 6, 2014, 12:57 PM
    • Rex Energy (REXX -8.6%) is downgraded to Neutral from Outperform with a new $9 price target, lowered from $13, at Baird, which cites reduced development plans and rising leverage-related risks after disappointing Q3 earnings.
    • Baird says its thesis has been changed by REXX's now-clear need for simultaneous alignment of successful execution in one or more major financing transactions, stabilized regional pricing trends, and error-free development progress in order to buttress 2015 financial performance.
    | Comment!
  • Oct. 20, 2014, 10:15 AM
    • Rex Energy (REXX -4.4%) provides preliminary Q3 production results it says exceeded company guidance, and increases its FY 2014 production guidance.
    • REXX says Q3 average production of 169.7M cfe/day exceeds the high end of its guidance by 3%, up 32% Q/Q and 72% Y/Y.
    • Sees Q4 production of 179M-185M cfe/day, with the midpoint of guidance up 7% Q/Q and 65% Y/Y; raises FY 2014 production guidance to 150M-152M cfe/day from its prior guidance of 146M-150M cfe/day.
    • Also says it has hedged ~49% of current natural gas production and ~43% of its current oil production for 2015.
    | Comment!
  • Sep. 15, 2014, 3:53 PM
    • Rexx Energy (REXX +3%) advances after projecting Q3 production at or slightly above the high end of previously announced guidance of 159M-165M cfe/day.
    • REXX says it recently placed into sales the six-well Grunder pad at the Warrior North prospect; the wells were drilled with an average lateral length of ~4,800 ft. and completed with an average of 24 completion stages.
    • REXX also says it continues to expect its 2014 average realized natural gas price, including the effects of basis hedges, to $0.60-$0.80 below the Henry Hub index price.
    | Comment!
  • Aug. 20, 2014, 5:35 PM
    | 1 Comment
  • Aug. 12, 2014, 5:37 PM
    | 1 Comment
  • Jul. 11, 2014, 5:35 PM
    | 3 Comments
  • Apr. 30, 2014, 12:54 PM
    • Rex Energy (REXX +3.2%) says it signed binding agreements with Dominion (D) and Texas Gas Transmission to pipe natural gas from Pennsylvania to the midwest and Gulf coast.
    • The Dominion deal will allow for expanded capacity on ~235 miles of existing pipeline, while the Texas Gas agreement will allow for expanded capacity on ~690 miles of existing pipeline.
    • Northland Capital raises its REXX price target to $28 from $25 following the gas transport deals as well as an impressive Q1 earnings report, as production exceeded the high end of guidance and EBITDA beat the firm's estimate (Briefing.com).
    • Financial terms of the separate deals were not disclosed.
    | Comment!
  • Feb. 4, 2014, 3:59 PM
    • Rex Energy (REXX +2.2%) says its proven oil and natural gas reserves of 849.8B cfe as of Dec. 31 are 37% higher than a year earlier; of that total, 39% was attributable to oil, natural gas liquids and condensate.
    • Rex says the reconciled price of proved reserves between Dec. 31, 2012, and Dec. 31, 2013, was $93.42/bbl of oil and natural gas liquids and $3.67/mBtu for natural gas, adjusted for contractual agreements.
    • Rex says it replaced 923% of its production of ~33,850M cfe for FY 2013 with a proved reserves-to-production ratio of 25.1 years.
    | Comment!
  • Jan. 15, 2014, 12:24 PM
    • 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.
    | Comment!
REXX vs. ETF Alternatives
Company Description
Rex Energy Corp is an independent energy company. The Company is engaged in acquisition, production, exploration and development of oil and gas with properties concentrated in the Appalachian and Illinois regions.