- Tight Gas & Oil
- Gas Hydrates
The deal reduces REXX’s 2015 capex budget by 30% and gives the company firm footing through fourth-quarter 2014 but asset sales will still be needed.
A Pennsylvania-based oilfield service firm is enjoying robust growth, thanks to its emphasis on quality, safety and its innovative approach to forming key strategic alliances.
After spending more than $5 billion in the Marcellus and buying assets from Statoil and WPX, the company plans to divest up to $800 million to overcome a cash flow gap.