Rex Energy Announces Central Pennsylvania Marcellus Well
December 8, 2009 (FinancialWire) — Rex Energy Corp. (Rex Energy) (NASDAQ: REXX) announced the completion of the Alder Run #1H well, the company’s first Marcellus Shale horizontal well in Clearfield County, Pennsylvania.
The well was drilled to a depth of approximately 8,200 feet with an approximate lateral extension of 2,700 feet. The well tested an average rate of approximately 4.1 Mmcf per day over the first 13 days and is currently shut in awaiting the completion of a pipeline which the company expects to have completed in early February 2010.
The company is currently drilling the Alder Run #3H, a direct offset to the Alder Run #1H, and plans to begin fracture stimulation before the end of the year. In Westmoreland County, Pennsylvania, Rex Energy expects to complete fracture stimulating its fourth and fifth horizontal wells in the county and begin flow testing.
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