Rex Energy Corp., State College, Pa., said its technical teams have identified recompletion and infill opportunities in Gibson and Posey counties, Ind., in the Illinois basin as part of the company’s focus on expanding its liquids production.
The company plans to drill seven new wells, and recomplete seven existing producers and has allocated $7 million to the projects. Rex believes the work could add 250-400 b/d of incremental production by the end of 2012.
Rex said it is evaluating other liquids opportunities on other fields in the basin.