$REXX (Rex Energy Corporation)

$REXX {{ '2016-05-11T15:10:52+0000' | timeago}} • Webcast

Kyle Rhodes of RBC asks on the CapEx range of $15-40MM, what the low end assumes from an activity perspective versus the high end. $REXX CEO Tom Stabley replied that the low end would assume that Benefit Street continues to participate and the higher end of this range would assume that they do not continue to participate at a certain level.

$REXX {{ '2017-06-12T20:58:03+0000' | timeago}} • Announcement

$REXX placed into sales the four-well Baird pad in the Moraine East Area. The Baird wells were drilled to an average lateral length of about 7,140 feet and completed in an average of 39 stages and 2,727 pounds of sand.

$REXX {{ '2017-05-02T21:03:40+0000' | timeago}} • Announcement

$REXX changed the form of payment for the previously announced quarterly dividend on its Series A convertible perpetual preferred stock. The company has now elected to pay the dividend in cash rather than in shares. As a result, on May 15, 2017, a cash dividend of $1.50 per depository share will be paid to holders of record as of May 1, 2017.

$REXX {{ '2017-04-24T18:25:59+0000' | timeago}} • Announcement

$REXX said 1Q17 production was 173.4 MMcfe/d, consisting of 110.1 MMcf/d of natural gas, 9.7 Mboe/d of NGLs (including 5.0 Mboe/d of ethane) and 0.8 Mboe/d of condensate. Condensate and NGLs (including ethane) accounted for 36% of production during the quarter.

$REXX {{ '2017-03-08T15:43:54+0000' | timeago}} • Webcast

$REXX stated that in Moraine East, roughly 40-45% of the field is not on production currently, which is the Eastern plank. The company believes this area is comparable to its better-producing areas in the Butler field on the West side. Based on this analogy, $REXX is expecting better results in the Moraine East area.

$REXX {{ '2017-03-08T15:22:30+0000' | timeago}} • Webcast

During 2016, $REXX completed and placed into sales 13 gross wells in the Warrior North Area. Throughout the year, the company implemented new completion techniques and revised its target landing zone for wells in this area as it saw it to optimize its well designs and production profiles. The rate of return in this area improved to 47% at 2016-end.

$REXX {{ '2017-03-07T21:25:27+0000' | timeago}} • Announcement

For 4Q16, $REXX's production volumes from continuing operations were 194.9 MMcfe/d, an increase of 12% YoY. The company expects average daily production to be in the range of 173-175 MMcfe/d for 1Q17 and 194-204 MMcfe/d for full-year 2017.

$REXX {{ '2017-03-07T21:21:52+0000' | timeago}} • Announcement

Oil and gas explorer $REXX reported a narrower net loss of $67.4MM or $0.69 per diluted share for 4Q16, helped by lower expenses. This compares to a net loss of $100.4MM, or $1.85 per diluted share, for 4Q15. Operating revenue for the quarter was $48MM, an increase of 75% YoY.

$REXX {{ '2017-01-24T16:31:41+0000' | timeago}} • Announcement

$REXX reported 4Q16 production of 194.9 MMcfe/d, an increase of 12% over last year. Production consisted of 120.9 MMcf/d of natural gas and 12.3 Mboe/d of condensate and NGLs (including 5.8 Mboe/d of ethane).

$REXX {{ '2017-01-17T16:00:57+0000' | timeago}} • Announcement

$REXX sees capital spend in 2017 and 2018 to be aligned with cash flow from operations and asset sales. $REXX sees 2-year compounded annual production growth rate of 10-15% by 2018 and exit rate production growth for 2017 of 15-20%. $REXX sees about 40% differential improvements to NYMEX for natural gas realizations in 2017 and 15% growth in 2018.

$REXX {{ '2017-01-17T15:57:57+0000' | timeago}} • Announcement

$REXX's net operational capital expenditures for 2017 are expected to be of $70-80MM, with about 80% allocated to the development of the Marcellus and Upper Devonian Burkett shales in the Moraine East and Legacy Butler Operated Areas. The 2017 capital budget is expected to be funded through cash flow from operations and asset divestitures.

$REXX {{ '2017-01-12T12:21:40+0000' | timeago}} • Announcement

$REXX closed on sale of its Ohio Utica Warrior South assets to Antero Resources. These assets were non-core to $REXX and were not included in the company's future development plans. The proceeds from the sale will be used to pay down the revolving line of credit and for general corporate purposes.

$REXX {{ '2016-10-03T12:47:13+0000' | timeago}} • Announcement

$REXX said its bank group has reaffirmed the existing $190MM borrowing base under its senior secured credit facility. The company's next borrowing base redetermination is scheduled to occur in April 2017.

$REXX {{ '2016-08-23T13:14:38+0000' | timeago}} • Announcement

$REXX said it closed on the previously announced sale of its Illinois Basin assets to Campbell Development Group, LLC. The sale of the Illinois Basin assets includes approximately 76,000 net acres in Illinois, Indiana and Kentucky; the assets are currently producing approximately 1,700 net barrels per day.

$REXX {{ '2016-07-06T16:14:38+0000' | timeago}} • Announcement

$REXX said it has completed its offer to exchange up to $631.46MM aggregate of its 1.00%/8.00% Senior Secured Second Lien Notes due 2020 for up to $631.46MM aggregate of its outstanding 1.00%/8.00% Senior Secured Second Lien Notes due 2020, which were previously issued in a private placement.

$REXX {{ '2016-07-05T13:36:40+0000' | timeago}} • Announcement

$REXX said its bank group has reaffirmed existing $190MM borrowing base under senior secured credit facility, inclusive of sale of the Illinois Basin asset. The reaffirmed borrowing base is another positive step with various transactions it has executed over past year to improve overall liquidity and reduce capital expenditures.

$REXX {{ '2016-06-15T17:19:49+0000' | timeago}} • Announcement

$REXX said included in sale are about 76,000 net acres in Illinois, Indiana and Kentucky; the assets are currently producing about 1,700 net barrels per day. Proceeds from sale are expected to be used to pay down revolving line of credit and for general corporate purposes. The company expects transaction to close in 3Q16.

$REXX {{ '2016-06-15T17:17:53+0000' | timeago}} • Announcement

$REXX said it entered into a purchase and sale agreement with Campbell Development Group pursuant to which Campbell will acquire $REXX's Illinois Basin assets. $REXX is selling its entire interest in the basin and expects to receive proceeds at closing of about $40MM with potential for additional proceeds of up to $10MM over next 3 years.

$REXX {{ '2016-05-11T15:10:52+0000' | timeago}} • Webcast

Kyle Rhodes of RBC asks on the CapEx range of $15-40MM, what the low end assumes from an activity perspective versus the high end. $REXX CEO Tom Stabley replied that the low end would assume that Benefit Street continues to participate and the higher end of this range would assume that they do not continue to participate at a certain level.

$REXX {{ '2016-05-11T14:57:16+0000' | timeago}} • Webcast

Ron Mills of Johnson Rice asks about Benefit Street JV's election process. $REXX CEO Tom Stabley said the company expects the next batch of wells that Benefit Street will be getting sometime in the next 30 days will be the remaining 12 wells for the rest of 2016. For 2017, they will probably start to get some of those in late Oct., early Nov.

$REXX {{ '2016-05-11T14:48:20+0000' | timeago}} • Webcast

$REXX said it executed a second transaction to exchange $13.8MM in face value of its preferred stock and $2.2MM of its new second lien notes. This transaction saves the company approx. $800,000 per year in dividend payments in the future.

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