Analysts expect Rex Energy to report sales of $57.78M
Monday, March 26, 2018
Rex Energy Co. is expected to report sales of $57.78 million for the current fiscal quarter, according to equities research analysts.
Two analysts have provided sales estimates for Rex Energy, according to the Register Journal. The highest is $57.80 million and the lowest is $57.76 million. The company posted sales of $48.03 million in the same quarter last year, which suggests a positive growth rate of 20.3 percent.
Rex Energy is expected to announce its next earnings results tomorrow.
Learn more: Register Journal > $57.78 Million in Sales Expected for Rex Energy Co. (REXX) This Quarter
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.