REX ENERGY - GoMarcellusShale.com2024-03-28T09:11:50Zhttps://gomarcellusshale.com/forum/topics/rex-energy?groupUrl=westmorelandcounty&feed=yes&xn_auth=noRex has moved out of our area…tag:gomarcellusshale.com,2010-08-15:2274639:Comment:382882010-08-15T19:45:16.001ZCarolhttps://gomarcellusshale.com/profile/CarolByce
Rex has moved out of our area (Derry Township) - Williams has taken over all of the local drilling sites as part of the Rex/Williams joint venture.
Rex has moved out of our area (Derry Township) - Williams has taken over all of the local drilling sites as part of the Rex/Williams joint venture. Do you have any photos of Rex…tag:gomarcellusshale.com,2010-08-15:2274639:Comment:382852010-08-15T19:32:06.669ZTom Copleyhttps://gomarcellusshale.com/profile/TomCopley
Do you have any photos of Rex' drilling operations - rig shots or anything? I'm looking to add a photo or two to the Rex Energy wiki page:<br />
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<a href="http://www.wikimarcellus.com/index.php/Rex_Energy_Corporation" target="_blank">http://www.wikimarcellus.com/index.php/Rex_Energy_Corporation</a><br />
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It looks bland without a picture.<br />
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Please email me at tcopley@wikimarcellus.com<br />
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Thanks for any help.<br />
<br />
--Tom
Do you have any photos of Rex' drilling operations - rig shots or anything? I'm looking to add a photo or two to the Rex Energy wiki page:<br />
<br />
<a href="http://www.wikimarcellus.com/index.php/Rex_Energy_Corporation" target="_blank">http://www.wikimarcellus.com/index.php/Rex_Energy_Corporation</a><br />
<br />
It looks bland without a picture.<br />
<br />
Please email me at tcopley@wikimarcellus.com<br />
<br />
Thanks for any help.<br />
<br />
--Tom And his quick deletion of his…tag:gomarcellusshale.com,2010-06-16:2274639:Comment:321832010-06-16T20:26:09.725ZMayhttps://gomarcellusshale.com/profile/May
And his quick deletion of his post and exit from the site following my previous post confirms my assessment.
And his quick deletion of his post and exit from the site following my previous post confirms my assessment. No, Carol. I'm betting Nick w…tag:gomarcellusshale.com,2010-06-16:2274639:Comment:320692010-06-16T14:43:15.152ZMayhttps://gomarcellusshale.com/profile/May
No, Carol. I'm betting Nick works for Vandalia Energy Partners, a contract land company, since he changed his profile page address to reference the company. However, Williams may be using Vandalia Energy Partners to do their Marcellus leasing. Therefore, what Nick is doing, claiming Williams bought Rex, is a perfect example of how contract landmen create lawsuits for the companies for which they lease.
No, Carol. I'm betting Nick works for Vandalia Energy Partners, a contract land company, since he changed his profile page address to reference the company. However, Williams may be using Vandalia Energy Partners to do their Marcellus leasing. Therefore, what Nick is doing, claiming Williams bought Rex, is a perfect example of how contract landmen create lawsuits for the companies for which they lease. may, you are absolutly right,…tag:gomarcellusshale.com,2010-06-16:2274639:Comment:320642010-06-16T14:30:55.460Zfrankhttps://gomarcellusshale.com/profile/frank
may, you are absolutly right, i have a small amount of stock in williams and rex, they are two indivual companies on the stock exchange symbols WMB & REXX. i have 5 acres in the pannizi unit the first two royalty checks i recieved were rexx letter head, the last three checks had a williams letter head. the myth that williams bought rexx out is mistaken. these two companies have signed a a joint venture, the complexites of the deal i am not familiar with.
may, you are absolutly right, i have a small amount of stock in williams and rex, they are two indivual companies on the stock exchange symbols WMB & REXX. i have 5 acres in the pannizi unit the first two royalty checks i recieved were rexx letter head, the last three checks had a williams letter head. the myth that williams bought rexx out is mistaken. these two companies have signed a a joint venture, the complexites of the deal i am not familiar with. Williams absolutely did not b…tag:gomarcellusshale.com,2010-06-16:2274639:Comment:320572010-06-16T14:13:15.790ZMayhttps://gomarcellusshale.com/profile/May
Williams absolutely did not buy out Rex Energy. Williams is earning a 50% interest in 44,000 acres Rex Energy has leased in Westmoreland, Centre and Clearfield Counties, but as of Rex Energy's June corporate presentation, Williams still has to carry Rex Energy for another $12 million. Therefore, Williams has not yet earned their share of the Rex Energy acreage.<br />
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As part of this joint venture, Williams was suppose to take over operatorship of the joint venture areas at the beginning of 2010.…
Williams absolutely did not buy out Rex Energy. Williams is earning a 50% interest in 44,000 acres Rex Energy has leased in Westmoreland, Centre and Clearfield Counties, but as of Rex Energy's June corporate presentation, Williams still has to carry Rex Energy for another $12 million. Therefore, Williams has not yet earned their share of the Rex Energy acreage.<br />
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As part of this joint venture, Williams was suppose to take over operatorship of the joint venture areas at the beginning of 2010. From reading conference call scripts, I gather this transition got pushed out till April. Rex Energy drilled two of the three Slavek Trust wells, and Williams drilled the third. Williams is suppose to be completing all three of these wells in June. Williams is now drilling the Uschak-2 pad which consists of five wells and then has three wells planned on the Uschak-1 pad. Rex Energy is expecting Williams will add a rig in the Central PA area during the third quarter.<br />
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There is a ton of information in the Rex Energy corporate presentation: <a href="http://files.shareholder.com/downloads/REXX/739481638x0x380039/18b124b3-3ac3-4614-af70-c5437da4d1bb/Rex_Energy_Corporate_Presentation_-_June_2010.pdf" target="_blank">http://files.shareholder.com/downloads/REXX/739481638x0x380039/18b124b3-3ac3-4614-af70-c5437da4d1bb/Rex_Energy_Corporate_Presentation_-_June_2010.pdf</a> Do you work for Williams? It…tag:gomarcellusshale.com,2010-06-16:2274639:Comment:320512010-06-16T13:28:08.860ZCarolhttps://gomarcellusshale.com/profile/CarolByce
Do you work for Williams? It was still Rex when this discussion was posted last year. Do you have any information on future Williams units in Derry Township?
Do you work for Williams? It was still Rex when this discussion was posted last year. Do you have any information on future Williams units in Derry Township? wow!!!! that sounds good for,…tag:gomarcellusshale.com,2010-02-03:2274639:Comment:210482010-02-03T03:44:34.966Zfrankhttps://gomarcellusshale.com/profile/frank
wow!!!! that sounds good for, you and the neighbors, there was a large well production down in washington county, and the rates only went up to about 3 k per acre.do you know what company got this contract from the state?. if they are giving that kind of dollars, they are certain they will recoup their funds. with 71 acres you probably will have an influx of land agents. ..... with the dollars etc. you and you friends have to reap, i would go together and get an attorney who is versed in gas…
wow!!!! that sounds good for, you and the neighbors, there was a large well production down in washington county, and the rates only went up to about 3 k per acre.do you know what company got this contract from the state?. if they are giving that kind of dollars, they are certain they will recoup their funds. with 71 acres you probably will have an influx of land agents. ..... with the dollars etc. you and you friends have to reap, i would go together and get an attorney who is versed in gas exploration, land oweners rights, not a divorce lawyer if you know what i mean. some of the larger land owners in my area got attorneys and had clauses and addendums added to their contracts dealing with roads, back fill, reclamation,noise , dust, pollution etc. be vigalant with the percent of royalties, 1/2 % is alot of bucks in this marcellus deal and horizonal wells. no comparison to sallow wells. my royalaty check for one month surpassed the 200 an acre i signed on for......my royalty check averaged about 220.00 per acre this month.i dont have a well or a pipe on my acreage, my propety lies in the 350 acre bloc that has 3 wells all horizonal. so be careful ,good luck and, dont let the gas company and uncle sam walk away with it all. I see. I thought the lease ra…tag:gomarcellusshale.com,2010-02-03:2274639:Comment:210442010-02-03T03:10:06.927ZCountry Bumkinhttps://gomarcellusshale.com/profile/JJLukens
I see. I thought the lease rates were going to go up here in Clearfield co. with the winning bid of $5250 for acreage in Moshannon State forest that just took place, however it's not--that's within 10 - 15 miles of my house. We have 71 acres and our neighbors are joining forces to have a larger tract to entice better offers. We'll see what happens.
I see. I thought the lease rates were going to go up here in Clearfield co. with the winning bid of $5250 for acreage in Moshannon State forest that just took place, however it's not--that's within 10 - 15 miles of my house. We have 71 acres and our neighbors are joining forces to have a larger tract to entice better offers. We'll see what happens. the going rate here in derry…tag:gomarcellusshale.com,2010-02-03:2274639:Comment:210422010-02-03T02:41:13.833Zfrankhttps://gomarcellusshale.com/profile/frank
the going rate here in derry twp. is up around 2k to 3k per acre. 12 1/2 to 20% but, with all the activity in this area and ,some success with hor. drilling in this area they know, they have gas here. has there been any hor. wells in your area with good production? i and a lot of other people in my area signed in the fall of 08 for 200 per acre,but that was before a a tree was cut down or, a 20 foot hole drilled for a horizonal well.but, now 1 year later and 6 horizonals within a 1/2 mile…
the going rate here in derry twp. is up around 2k to 3k per acre. 12 1/2 to 20% but, with all the activity in this area and ,some success with hor. drilling in this area they know, they have gas here. has there been any hor. wells in your area with good production? i and a lot of other people in my area signed in the fall of 08 for 200 per acre,but that was before a a tree was cut down or, a 20 foot hole drilled for a horizonal well.but, now 1 year later and 6 horizonals within a 1/2 mile radius producing gas, land oweners are getting 2k plus 12 1/2% t0 20% per acre. there are a lot of big players in this game, largest gas co's in the world are vieng for acreage in this shale zone. i think most of their offers will be about the same till some one drills, and has sucess, then prices will rise rapidly. also gov. rendaell has put tariffs on these companys that wern't there a year ago. i wish you a lot of luck, but be careful you don,t get shut out of the boom ,if you have small acreage. i only have 5 acres in a 350 acre bloc, i am satisfid with what royalaties i have recieved thus far, much higer than we expected. on the other hand there are some smaller land owners who didn;t sign, i believe they got shut out.