Replies to This Discussion

Permalink Reply by DDS on May 29, 2012 at 12:34pm

Tonya,

Rex is who we signed with, overall I can't complain much, Rex was forthcoming and fair.

glad to see that they are still in the area, I figured everyone was concentrating on Ohio.

Permalink Reply by Tonya Rosie on May 30, 2012 at 10:03am

Thank you!

Permalink Reply by Michele M Bartos on May 29, 2012 at 10:05pm

I signed with Rex and had a good experience so did my brother in law.  We received our signing bonus and what we felt a reasonable percentage of 15%.  Maybe, some are doing better and some did not.  We had been approached several times and finally felt 'why not?'.  This web site informed us that Rex filed for a well site in the vicinity of our property.  We have no idea of it will include our land.  It seems that interstate 79 has the activity with Rex on the eastern side.  We are on the western side.  Only time will tell.  Our land man estimated we would not hear anything unil 2012 when we signed in 2010.  We are not doing anything with the undeveloped land other than paying taxes.

Permalink Reply by Tonya Rosie on May 30, 2012 at 10:03am

Thank you!

Permalink Reply by Linda Bates on June 3, 2012 at 10:14am

where are you located? We are in Center Twp. and no one has approched us as of yet

Permalink Reply by Michele M Bartos on October 24, 2012 at 9:48pm

Aproximately 19 acres on each side of Gudikunst Road, west of Rte.19 and 79.  Not that far from the Beagle Club where Rex has 5 well permits, as the crow flies, but have no idea what is up.  Everyone is predicting a bad winter so maybe the need for natural gas will increase.  That is in Jackson Twp.

Permalink Reply by Amy M. Butler on February 7, 2013 at 4:54pm

Michelle or anyone else that knows current offers... wondering if the 15% royalty with Rex energy had deductions for transportation or other costs.  Is this standard at current time in Butler County and has anyone had success having this taken out of lease offer?   Thanks

Permalink Reply by Michael P. Davidson on February 26, 2013 at 11:37am

I have 26 acres along rt 19 by where Eppingers was , just got contacted yesterday and offered $1,500 per acre and 15% that was net, not gross. I am also asking if this is a decent deal now and also if they spend the time to find you it seems they may be willing to negotiate.

Permalink Reply by Amy M. Butler on March 8, 2013 at 8:22am

Thanks Michael. 

Permalink Reply by Matthew Santiago on March 9, 2013 at 8:28am

FYI,   I have a 15% lease net and deductions are averaging close to 25% of my royalty.  Do not sign a net lease.  Get gross lease with zero dedcuctions and make sure the "market enhancement clause" is stricken from the lease.