Rex Energy announced the divestiture of approximately 79,000 net undeveloped acres in Indiana and certain related non-producing wells for approximately $8.4 million. The proceeds will be used for development of the Marcellus as well as it's Alkali-Surfactant-Polymer (ASP) projects in the Illinois Basin. The buyer was not disclosed.
Full Story at http://www.marketwatch.com/news/story/rex-energy-corporation-announces-sale/story.aspx?guid=%7BF04B22D4-095B-4A7B-B949-276465A3F419%7D&dist=hppr
Thursday, August 21, 2008
Rex Energy Diverting New Albany Assets to the Marcellus Shale
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