PennEnergy Resources to acquire the assets of Rex Energy

Pittsburgh, PA - PennEnergy Resources, LLC (“PennEnergy” or the “Company”) has agreed to acquire substantially all the assets of Rex Energy Corporation (“Rex”) for a cash purchase price of $600.5 million. The assets acquired include cash accounts of $29.5 million held by Rex used to collateralize firm transportation contracts that will be released to PennEnergy at close.

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What We Do

PennEnergy’s strategic process for site selection, construction, drilling and completions.

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Core Values

PennEnergy Resources is founded on and driven by our company’s fundamental core values.

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Where We Operate

PennEnergy Resources is currently focused in Southwest Pennsylvania in the counties of Armstrong, Butler and Beaver.

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PennEnergy is committed to being a best in class shale development company that creates value for our investors, stakeholders, employees and landowners through the safe and environmentally responsible development of unconventional resources.

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