|
Balance Sheet Cash Flow Statement 1975 Waddle Rd. State College, PA 16803 PA Tel. 814-278-7267 Fax 814-278-7286 |
Type: Public
On the web:
http://www.rexenergy.com
Employees:
147
Employee growth: 27.8%
Though it isn't exactly the T. Rex of the oil and gas industry, Rex Energy is taking a bite out of available hydrocarbon assets. The oil and gas exploration and production company has estimated proved reserves of 11 million barrels of oil equivalent, primarily from three regions: the Illinois Basin (in Illinois and Indiana) and the Appalachian Basin (Pennsylvania and West Virginia). 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.
Key numbers for fiscal year ending December, 2008:
Sales: $68.0M
One year growth: 17.6%
Net income: ($48.7)M
Officers:
Chairman: Lance T. Shaner
President, CEO, and Director: Benjamin W. Hulburt
EVP and CFO: Thomas C. Stabley
Competitors:
BPI Energy
Cabot Oil & Gas
Penn Virginia




