Rex Energy Corp. (REXX) Announces Results from ASP Radial Coreflood Analysis of the Bridgeport Sandstone in the Lawrence Field and Acquisition of Additional Marcellus Shale Acreage
Rex Energy Corporation (REXX) is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. The company announced the results of its alkali-surfactant-polymer (“ASP”) radial coreflood analysis of the Bridgeport Sandstone in Lawrence Field. The independent technical consultant, Surtek, stated their analysis of the radial corefloods demonstrated that oil recoveries…