Rex Energy Company Description
Though it isn't exactly the T. rex of the oil and gas industry, Rex Energy is making its way in the world today. The oil and gas exploration and production company has estimated proved reserves of 15.9 million barrels of oil equivalent, primarily from three regions: the Illinois Basin (in Illinois and Indiana); the Appalachian Basin (Pennsylvania and West Virginia); and the southwestern US (New Mexico and Texas). The company's Lawrence Field ASP (alkaline-surfactant-polymer) Flood Project utilizes ASP technology, which washes residual oil from reservoir rock, thereby improving the existing waterflow's ability to sweep the residual oil and increasing ultimate oil recoveries. Lawrence Field is in Illinois.
View the Comprehensive Company Description for Rex Energy
The Company Description provides a historical perspective of Rex Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Rex Energy's evolution in the marketplace.
