Rex Energy is an independent condensate, natural gas liquids and natural gas company operating in the Appalachian Basin. The company is focused on drilling and exploration activities in the Marcellus Shale, Utica Shale and Upper Devonian Shale. As of Dec 31 2016, the company had total estimated proved reserves of 647.78 billion cubic feet equivalent, consisting of 56.8% of natural gas, 41.5% of natural gas liquids and 1.7% of condensate, all of which were proved developed.
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