Rex Energy Corp (NASDAQ:REXX)
CAPS Rating:
An independent oil and gas company operating in the Illinois Basin, Appalachian Basin and southwestern region of the United States.
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An independent oil and gas company operating in the Illinois Basin, Appalachian Basin and southwestern region of the United States.
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Fool UK
Recs
business is to operate phase 2& 3 wells that the larger oils have abandoned using newer technology that will increase recovery/production rates. Uses mostly water &/or CO2 to continue production. Will bring Illinois fields online this year adding to "proven" reserves at a beneficial cost per barrel.
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