Reuters logo
BRIEF-Rex Energy to sell interest in some assets
January 4, 2017 / 9:36 PM / a year ago

BRIEF-Rex Energy to sell interest in some assets

Jan 5 (Reuters) - Antero Resources Corp

* Rex Energy -on january 3, r. e. Gas development together with joint interest owners mfc drilling, abarta oil & gas and abarta entered purchase and sale agreement with antero resources

* Rex Energy -sellers will sell to antero substantially all of their jointly owned oil and gas interests in noble, guernsey, and belmont counties, ohio

* Rex Energy -total consideration for transaction is expected to be $50 million, with approximately $30 million net to rex

* Rex Energy Corp says expects to use proceeds from transaction to pay down its revolving line of credit and for general corporate purposes Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below