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Re: mick post# 1695

Wednesday, 01/04/2017 9:10:52 AM

Wednesday, January 04, 2017 9:10:52 AM

Post# of 1794
Rex Energy sells Utica Warrior South assets to Antero Resources for $30M

Rex Energy (NASDAQ:REXX) +4.4% premarket after Antero Resources (NYSE:AR) agrees to acquire its Ohio Utica assets in the Warrior South Area for $30M.
Rex says the assets, which include 4,100 net acres and 14 gross wells currently producing ~9M cfe/day, are non-core and were not included in its future development plans.
Upon closing of the sale, Rex says it has received approval from its bank lenders to maintain the existing $190M borrowing base under its revolving credit facility.
| 9:03 AM ET

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