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TOTAL S.A. (TOT) signed a natural gas resources development deal with the Government of Oman, while Rex Energy Corporation (REXX) confirmed filing for Chapter 11 bankruptcy protection.
STATE COLLEGE, Pa., May 18, 2018 /PRNewswire/ -- Rex Energy Corporation (REXX:OTC), an independent oil and gas exploration and production company, today announced that, following its previously announced strategic review, it has decided to begin an orderly sale process for its remaining assets in order to maximize their long-term value and prospects. To facilitate the sale and address its debt obligations, the Company initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code with support outlined in a Restructuring Support Agreement signed by 100% of its first lien lenders and approximately 72% of its second lien noteholders. Rex Energy's drilling and production programs are operating as usual, and the Company is maintaining the necessary staffing and resources to meet its commitments to gathering and processing partners.
Rex Energy Corporation (NASDAQ:REXX), a US$7.15M small-cap, operates in the oil and gas industry which has seen an extended oil price slump since 2014. However, energy-sector analysts are forecasting forRead More...
If you are looking to invest in Rex Energy Corporation’s (NASDAQ:REXX), or currently own the stock, then you need to understand its beta in order to understand how it canRead More...
New Jersey Resources' (NJR) Adelphia Gateway unit gears up to meet rising demand for natural gas, as it seeks permit for the operation of 84 mile gas pipeline in Pennsylvania.
The widespread, record-breaking cold weather led to a record-high net withdrawal of 359 Bcf from underground natural gas storage facilities for the week ending Jan 5.
The Zacks Analyst Blog Highlights: Rex Energy, WPX Energy, Antero Resources, EQT and Cabot Oil & Gas
EIA's weekly inventory release showing a smaller-than-expected decrease in supplies, together with forecasts for an end to the frigid cold snap, send U.S. natural gas futures sliding last week.
Leading Rex Energy Corporation (NASDAQ:REXX) as the CEO, Tom Stabley took the company to a valuation of $13.81M. Recognizing whether CEO incentives are aligned with shareholders is a crucial partRead More...
US dry natural gas production rose 0.7% to 76.8 Bcf (billion cubic feet) per day on December 14–20, 2017, according to PointLogic.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Rex Energy Corp. Here are 5 ETFs with the largest exposure to REXX-US. Comparing the performance and risk of Rex Energy Corp. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)