Rex Energy says Q4 production rose 12%; full-year 2016 up 6%
Rex Energy (NASDAQ:REXX) +7.5% AH after reporting 12% Y/Y production growth for Q4 and 6% for FY 2016 to 195M cfe/day; December exit rate production of ~200M cfe/day represents a 9% increase from year-end 2015 exit rate production. Rex says it recently placed into sales the two-well Klever pad in the Moraine East area, with the wells producing at an average five-day sales rate per well, assuming full ethane recovery, of 10.4M cfe/day.