STATE COLLEGE, Pa., Sept. 26, 2012 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced initial production results from its first Ohio Utica Shale well and provided an update on its operations.
The Brace #1H, located in Carroll County, Ohio, was brought online to sales from its 60-day resting period at a 24-hour sales rate, assuming full ethane recovery, of 1,094 Boe/d (43% NGLs, 31% gas, 26% condensate). The well went on to average a 5-day sales rate, assuming full ethane recovery, of 1,008 Boe/d (43% NGLs, 30% gas, 27% condensate). The well produced with an average casing pressure of 1,502 psi during the initial 24-hour sales period and 1,533 psi during the average 5-day sales period on a 24/64 inch choke. The well was drilled to a total measured depth of 12,332 feet with a lateral length of approximately 4,170 feet and was completed in 17 stages. Based on composition analysis, the oil from the Brace #1H is 60.1 degree API gravity and the gas is approximately 1,250 BTU.
|Brace #1H Results (Boe/d)|
|Natural Gas||Condensate||NGLs||Total (Full Ethane Recovery)||Percentage of Liquids (Full Ethane Recovery)||Total (Ethane Rejection Mode)|
|24-hour sales rate||336||291||467||1,094||69%||911|
|5-day sales rate||306||273||429||1,008||70%||839|