Rex Energy’s Appalachian venture gets financial boost approaching $50 million

Rex Energy Corp.'s Appalachia joint venture for oil and natural gas development is getting a boost of nearly $50 million, reports Oil and Gas Investor. The energy news site says Benefit Street Partners (BSP), Rex's partner in the Moraine East joint venture in western Pennsylvania, has elected into the next 12 wells in the development program, increasing the total well count to 30. The move raises BSP’s capital commitment to date to $98.1 million. For more, read the full story.