Replies to This Discussion

Permalink Reply by RB on July 25, 2013 at 5:01am

That's interesting.  Either XTO was a middleman garnering leases (doubt it but not sure), or got an offer they couldn't refuse from REX and mostly, REX is serious about developing the area's potential.

Thank you, Oliver

Permalink Reply by RB on July 25, 2013 at 5:44am

Thanks for your response and insight, Joe.  I thought their efforts had become inactive.

Permalink Reply by Philip Thackray on September 6, 2013 at 6:31am

There was a large transfer of Rex leases to XTO including the property that the XTO Hicks Road plant is on 18 April, 2013.  Otherwise, mostly east of Route 8.

The transactions XTO to Rex and Rex to XTO were complimentary I believe.

 

Phil

Permalink Reply by Dan Newton on September 13, 2013 at 3:30am

I own one of these properties.  I leased with XTO via an owner's group.  Most of the owners are in the northwest part of the county.  I was told XTO really didn't want my parcel(only 16 acres) because it was not in the geographic area they were leasing, but leased me anyway because I was affiliated with the owner's group.  I ended up with a better lease than I would have with REXX, who now owns my lease anyway, and got a little better bonus money.

Permalink Reply by Oliver Perry on September 13, 2013 at 11:28am

Dan,

It seems like things worked out great for you. REX is a prolific driller who has leased many other parcels in Muddycreek Twp.  I would bet you will be in a unit in the next couple of years. Good luck to you. 

Permalink Reply by Dan Newton on September 13, 2013 at 1:48pm

Thank you Oliver.  Keeping my fingers crossed.