Rex Energy Announces Fourth Quarter and Full-Year 2011 Operational and Financial Results

Rex Energy Announces Fourth Quarter and Full-Year 2011 Operational and Financial Results, Provides Revised 2012 Capital Budget and Operational Update

• Full-year 2012 capital expenditure plan reduced by 18%
• Dry-gas capital expenditures reduced by 65%
• Voll Compressor Station commissioned, increases Sarsen Plant capacity to 40 MMcf/d
• First Utica Shale well in the Warrior Prospect expected to be spud in April
• Cheeseman #1H Utica Shale well recently connected to pipeline, first sales expected March 1st
• ASP injection of Perkins-Smith Unit on schedule for second quarter

STATE COLLEGE, Pa., Feb. 21, 2012 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Rex Energy or the company) (Nasdaq:REXX) today announced its fourth quarter 2011 and full-year 2011 operational and financial results and provided its updated 2012 capital budget and revised guidance. More...