Rex Energy Q4 Production Up
Posted on: Tuesday, 26 February 2008, 06:00 CST
Rex Energy has reported that production in the fourth quarter of 2007 totaled 260,472 barrels of oil equivalent, of which approximately 80% was attributable to oil. Production volumes increased approximately 2% from the same period in 2006 and 1% over the third quarter of 2007.
Revenues for the fourth quarter of 2007 were $16.1 million, representing a 21% increase from revenues of $13.3 million in the fourth quarter of 2006 and an increase of approximately $1 million, or 7%, from the third quarter of 2007.
Production for the year ended December 31, 2007 totaled one million barrel of oil equivalent, of which approximately 80% was attributable to oil. Production volumes increased approximately 31% over 2006. Revenues in 2007 were $57.8 million, representing a 46% increase from 2006 revenues of $39.6 million.
Source: Datamonitor
Related Articles
- Aspen Exploration Announces Oil Production and Reserves Increase
- Plans for 2008 Follow Oil Production Increase at End of 2007
- Penn Virginia Corporation Provides Third Quarter 2006 Oil and Gas Operational Results
- Ethernet Switch Market Retreats in the First Quarter of 2006; Ports and Revenues Post Similar Declines, According to Dell'Oro Group
- Genesee & Wyoming Reports 28.6 Percent Increase in Net Income for the First Quarter of 2006; North American Net Income Increases 47.8 Percent
- Penn Virginia Corporation Provides First Quarter 2006 Oil and Gas Operational Results; Announces Fourth Consecutive Quarterly Production Record
- Saudi Arabia's Crude Oil Production Capacity Reaches 11.3 Million Bpd
- Global Reserves, Oil Production Show Small Increases for 2005
- Norway Sees Dip in 2006 Oil Production
- Crude Oil Production Capacity Will Increase
 |
 |
User Comments (0)
RSS Feeds