Utica Shale

Rex Energy Reports On Utica Shale Well

Rex Energy (REXX) reported production results on the company’s first Utica Shale well drilled in Ohio.

The Brace #1H well produced 1,094 barrels of oil equivalent (BOE) during the first 24 hours, with 43% of the production composed of natural gas liquids, 31% natural gas and 26% condensate.  The production figures assume full ethane recovery.

The Brace #1H well is located in Carroll County, Ohio, and was drilled to a total measured depth of 12,332 feet with a lateral length of approximately 4,170 feet.   The well was completed with a 17 stage hydraulic fracturing operation.  The crude oil has an API gravity of 60.1 degrees and the natural gas is approximately 1,250 BTU.

Rex Energy Spuds Brace 1H - First Utica Shale Horizontal Well

Rex Energy (REXX) reported that the company has started to drill the company’s first horizontal well into the Utica Shale on its properties in Ohio.

Rex Energy said that the Brace 1H is located at the Warrior prospect in Carroll County, Ohio. The company expects the Brace 1H well to be completed and results available by the second quarter of 2012 conference call in August 2012.

Rex Energy has 15,000 net acres in Carroll County and is acquiring more acreage in Ohio that is exposed to the Utica Shale. The company plans to drill additional two Utica Shale horizontal wells at the Warrior prospect in 2012.