Rex Energy Says Utica Well Found 135 Point Plesant Formation; Found 143 Ft Utica Shale Formation

Rex Energy Corporation REXX announced today that it, together with its partners in Keystone Midstream Services, LLC (Keystone), has closed on the previously announced sale of Keystone to a subsidiary of MarkWest Energy Partners L.P. (MarkWest). The sale of Keystone includes two cryogenic gas processing plants, the Sarsen Plant and the newly commissioned Bluestone Plant, with a combined 90 MMcf/d of capacity, a gas gathering system and associated field compression in Butler County, Pennsylvania. Simultaneous with the closing, affiliates of Rex Energy and its non-operating partner, Sumitomo Corporation, entered into a new, long-term gathering, processing and NGL fractionation arrangement with MarkWest.