Earlier this month Rex Energy provided an operational update for their Marcellus Shale activity. Currently Rex has drilled and is awaiting completion of 7 gross Marcellus wells (5.5 net), 4 in Butler Co., PA and 3 in Westmoreland Co., PA. They expect these wells to be completed in 3Q 2010 and also expect their JV partner, Williams Appalachia LLC, to add a second rig during the same quarter. By year end, Rex is planning to add another 5 gross Marcellus wells (2.5 net) with drilling and completion costs of $8.4 million.
Early last month Rex announced the results of 2 horizontal wells in Butler Co. with a combined peak 24 hour rate of 5.9 MMcfe/d which they expect will increase as additional water is returned to the surface. They also reported in Westmoreland Co. that they have drilled 1 well in the Slavek Trust unit and are drilling their last well in the unit which will be the last wells operated by Rex in the county as a result of their joint venture agreement with Williams.
The following is a map of drilling permits in the last 365 days issued to Rex Energy and their JV partner Williams Appalachia LLC in Butler and Westmoreland Counties.
To learn more visit the Rex Energy Folder in the Unconventional Updates in DI’s DNA.
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