Rex Energy Focused on Maintaining Drilling Program to Hold Core Acreage

摘要

In a lean commodity price environ- ment, Rex Energy Corp. is focused on fnancing a drilling program active enough to hold down its acreage in Western Penn- sylvania and Eastern Ohio heading into 2016. CEO Thomas Stabley told investors during a third quarter earnings call Tuesday that the company is “exploring a variety of structural fnancial instruments” to “provide additional funds to continue the company’s expected one-rig program in 2016.” Stabley said the company is considering buying back a portion of its unsecured bonds to generate additional capital or forming a joint venture (JV).