Butler

Rex Energy Corp. said this week that a four-well pad it recently placed to sales in western Pennsylvania produced the highest condensate rates it’s recorded in the region.

Rex Energy Corp. on Tuesday released a two-year financial and operational plan, highlighting a clearer strategy to grow within cash flow as it looks beyond the squeeze it has faced during the downturn.

In an ongoing effort to better monetize its assets and generate more cash flow for this year’s drilling program, Rex Energy Corp. said late Thursday it has secured another joint venture (JV) with a private investment firm that could net it up to $175 million and reduce this year’s budget.

Energy Transfer Partners LP said Monday that it would invest $1.5 billion for a new pipeline system and associated processing facilities in Pennsylvania's Marcellus Shale.

Energy Transfer Partners (ETP) LP said Monday that it would invest $1.5 billion for a new pipeline system and associated processing facilities in Pennsylvania’s Marcellus Shale.

ExxonMobil Corp. subsidiary XTO Energy Inc. plans to double the capacity at its natural gas processing facility in western Pennsylvania and has filed for permits with the state Department of Environmental Protection (DEP).

ExxonMobil Corp. subsidiary XTO Energy Inc. plans to double the capacity at its natural gas processing facility in western Pennsylvania and has filed for permits with the state Department of Environmental Protection (DEP).

Rex Energy Corp. plans to put a newly contracted rig to work at the beginning of next year in its Moraine East area in Butler County, PA, which it received in a $120 million deal last month with Royal Dutch Shell plc affiliate SWEPI LP (see Shale Daily, Aug. 13).

Rex Energy Corp. said Wednesday that the momentum it has been building since late last year continued throughout the second quarter, with improving completion techniques, reduced drilling days and greater scale helping to cut costs and boost production.