Rex Energy May 2013 Presentation 86% of 2013 capex into NGLs

They're continuing in the Utica.  Slow, but progressing.

 

    http://ir.rexenergycorp.com/events.cfm

 

 

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Permalink Reply by Happy for hardworking Farmers on May 2, 2013 at 6:12am

Thanks! Interesting, Looks like they are swapping land to consolidate holdings in their Northern acreage. I wonder if they're swapping primarily with Chk?

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on May 2, 2013 at 7:37am

Yes, mostly with CHK.  Though to be fair there really isn't anyone else in Carroll County to do a deal with.

Permalink Reply by Happy for hardworking Farmers on May 3, 2013 at 11:24am

Marcus, yeah, very true. Heres their philosophy per one of their latest conference calls:

"....Rex will attempt to pick up some expiring leases but doesn't think that will be material. The big opportunity is to do some acreage trades with area lease holders so as to optimize layouts for laterals or pool acreage to form units with other operators. Finally it was noted that all of Rex's Ohio Utica wells will include a full "Super Frac" design."

So maybe Rex and Chk will both profit from an individual unit.

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