The sale of these non-core assets was part of Rex Energy's strategic plan to focus its efforts on Marcellus Shale drilling projects in the Appalachian Basin and the Lawrence Field Alkali-Surfactant-Polymer Flood Project development in the Illinois Basin.

Benjamin Hulburt, president and CEO of Rex Energy, said: "Given the current commodity prices and economic environment, I am very pleased with our team's ability to successfully divest these non-core assets. Rex Energy is dedicated to maintaining a conservative balance sheet, and the cash generated from the sale of our southwestern region assets will be used to uphold this commitment as well as supplement our 2009 capital budget."

A service of YellowBrix, Inc.