STATE COLLEGE, Pa. (AP) -- Oil and gas company Rex Energy Corp. said Thursday that a subsidiary has completed the sale of 79,000 undeveloped acres in Indiana and non-producing wells for $8.4 million.Proceeds of the sale by Rex Energy I LLC will be used to fund a portion of Rex Energy's capital projects, including its Marcelus shale projects in the Appalachian basin and its Alkali-Surfactant-Polymer projects in the Illinois basin.
Rex shares rose 61 cents to $21.76 in trading Thursday afternoon. The shares have traded between $7.55 and $29.92 in the past year.
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