Rex Oil & Gas Company

Through our successful leasing and drilling programs, we have experienced year-over-year production growth 27%1. Based on the company's operational capital expenditure budget of $35.5 million, we estimate to achieve 5% year-over-year production growth and 7% year-over-year December 2016 production exit rate growth. This growth is the result of drilling activity from our Legacy Butler Operated Area, Moraine East Area and, Ohio Utica Warrior Prospects. Rex Energy is focused on finding oil and gas property acquisitions and joint venture opportunities that are accretive to our current portfolio of assets.