Rex Energy Corporation Names CEO

STATE COLLEGE, Pa., Nov. 1, 2010 (GLOBE NEWSWIRE) -- Rex Energy Corporation ("Rex Energy") (Nasdaq:REXX) is pleased to announce the appointment of Daniel J. Churay as its President and Chief Executive Officer.

Lance Shaner, Chairman of the Board and Interim Chief Executive Officer of Rex Energy, commented, "We are extremely pleased to welcome Dan to his new role with Rex Energy. Dan's 20 years of experience dealing with the oil and gas industry, his capital markets knowledge and the leadership positions he has held with Fortune 500 companies will be of great benefit to the continuing development of Rex Energy."

Mr. Churay stated, "In this new role, I am looking forward to working directly with the company's experienced operational management team to grow and develop its core oil and gas assets in each of our three basins."

Mr. Churay has served as a director of the company since 2007, including as Chairman of the Compensation Committee. He has also served on the Audit and Governance Committees of the Board. He will remain a member of the board.

Mr. Churay began his career with Fulbright & Jaworski LLP advising clients in the oil and gas industry. During his seven year tenure, he represented various exploration and production, oilfield service, natural gas and oil products transportation companies with their M&A activities and securities offerings. In addition, Mr. Churay also represented various investment banks in the energy industry with various securities offerings. He then served as Deputy General Counsel and Assistant Secretary of Baker Hughes Incorporated. During his eight year tenure at Baker Hughes, among other matters, Mr. Churay advised the company on its M&A and capital raising activities and was the lead counsel on the formation of WesternGeco. He served as an acting general counsel and secretary during a year-long CEO transition at Baker Hughes and managed the legal affairs of Baker Hughes Solutions, an oil and gas subsidiary.