Niobrara Shale

Rex Energy Updates Niobrara Shale Operations

Rex Energy (REXX) issued an operations update on its oil and gas exploration and development activities in various domestic basins, and provided information on its Niobrara Shale properties.

Rex Energy was completing the Silo State 41-22 when it encountered problems with the tubing string, causing a ten-day delay in completion.  The company has recovered 20% of the fracturing fluid and noted “increasing oil cuts.”  Rex Energy expects to release initial production rate data on this Niobrara Shale well sometime in November 2010. 

Rex Energy reported that the company has reached total depth on the Herrington Farms 1H well, the company’s second well into the Niobrara Shale, and will start completion operations here in November 2010.

Rex Energy has permits to drill four other Niobrara Shale wells and expects to spud the BJB #1H well before the end of 2010.

Rex Energy Updates Niobrara Shale Activity

Rex Energy (REXX) issued an operations update on its development activities on its properties that are prospective for the Niobrara Shale. The company has 40,000 net acres exposed to this play in the Denver Julesburg Basin.

Rex Energy is conducting completion operations on the Silo State 41-22 well, the company’s first Niobrara Shale well. The Silo State 41-22 well is located in the Silo Field in Laramie County, Wyoming. The company said that it had problems with the completion and does not have any production figures to release yet.

Rex Energy has started drilling the horizontal lateral on the Herrington Farms 1H well, the company’s second Niobrara Shale well. The company expects to reach total depth on this well shortly and start completion operations in November 2010. Rex Energy has permits approved on four other Niobrara Shale wells.