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Rex Energy secures gas transportation agreements to Midwest and Gulf Coast


Published May 1, 2014
Rex Energy Corporation-2

Rex Energy Corporation announced the execution of two separate binding Precedent Agreements with Dominion Transmission, Inc. (Dominion) and Texas Gas Transmission, LLC (Texas Gas), respectively, to transport natural gas volumes from Rex's Butler Operated Area in Butler County, Pennsylvania to the Midwest and Gulf Coast.

"We are very pleased to announce our success in securing pipeline takeaway capacity for our Butler Operated Area to the Gulf Coast," said Tom Stabley, Chief Executive Officer of Rex Energy. "With these new agreements in place, we have established takeaway capacity for all of our expected production from the upcoming Bluestone II processing facility and a portion of the production expected from the future Bluestone III and Bluestone IV processing facilities in our Butler Operated Area. We continue to believe that Rex's proactive approach to midstream solutions, further demonstrated by today's announcement, is an integral part of our ability to maximize value from our Appalachian Basin assets."

Tags: Rex Energy Corporation




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