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Mercer County is on the Back Burner! 4 Replies

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Is anyone leasing right now? 1 Reply

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Mineral rights and land auction June 14th 2 Replies

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Pennant, Bluegrass and Kinder Morgan pipelines 5 Replies

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Hilcorp - Jefferson Mcghee and Jefferson Montgomery Well Sites 22 Replies

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Chevron McCullough well 2 Replies

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Lease offer in Jefferson Township/ Mercer County 7 Replies

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PA DEP Production Reports 2nd half of 2013 4 Replies

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"50 Acres of Minerals/$3K apprx. per ac." 8 Replies

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HILCORP PA Well Production Reports

Started by JohnL Jan 15.

Found some good DETAILED maps for the Pennant Midstream pipeline 8 Replies

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Hilcorp Property Access How do they notify you? 4 Replies

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In need of an attorney that deals with pipeline agreements. 4 Replies

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Hilcorp or Chevron - Unit Declaration and/or Division Orders 2 Replies

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Comment by Oliver Perry on September 9, 2014 at 6:22pm

Rex Energy Completes Butler Operated Area Acquisition




STATE COLLEGE, Pa. , Sept. 9, 2014 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced the closing of the previously announced Butler Operated Area acquisition from SWEPI, LP , an affiliate of Royal Dutch Shell plc ("Shell"). Total consideration paid was approximately $120 million and the transaction has an effective date of July 1, 2014 . The final purchase price is subject to customary post-closing adjustments. The company funded the transaction primarily from the net proceeds of its recent offering of convertible perpetual preferred stock.

About Rex Energy Corporation

Rex Energy is headquartered in State College, Pennsylvania and is an independent oil and gas exploration and production company operating in the Appalachian and Illinois Basins within the United States .
CONTACT: For more information contact:



Mark Aydin

Manager, Investor Relations

(814) 278-7249

[email protected]


Source: Rex Energy Corporation

Comment by Trapper on September 7, 2014 at 9:20am
Reports are coming out of Butler County that some there are receiving registered letters from Rex. Anyone here get one yet?
Comment by JohnL on September 6, 2014 at 9:45pm
Pulled the plot map for the Zigo 1H well. It will run north along side Rt 58 from the Frank Zigo farm past and under the Tennesse Gas station. Vertical depth 7,680 ft, total footage to be drilled is 18,306. Well bore path horizontal of 10,990 ft. Wells 7H and 11H should be permitted soon. 1H-6H are on the north pad and 7H-12H on the south pad.
Comment by OIL FINGER on September 6, 2014 at 7:48pm

Stevenson unit was laid out by halcon and earnest money paid to partys who own the property where the pad and access road was to be located ... 4 wells were to be drilled  in spring or summer of 2013....Long story short wells were not drilled for reasons only Halcon people in Texas know. They then bailed out and Swepi was handed the package to deal with.  Shell would rather drill off shore or in the tundra as the fish and raindeer are easier to deal with than some of the humans who don"t really know how things work in the real world.

Comment by Bob Rock on September 6, 2014 at 6:45pm
Water line.
Comment by david stover on September 6, 2014 at 5:49pm
Sorry that should have read buckwalter rd
Comment by david stover on September 6, 2014 at 5:47pm
Drove by backwater rd in Shenango twp.
Gas line is in, buried and seeded.
They now have just recently place several loads of long black plastic pipe on either side of the road.
Also on bethal the new Wilmington rd
This pipe has no bell ends on it so it would have to be "welded" together.any ideas on what this pipe is for.
Comment by Trapper on September 6, 2014 at 1:53pm
From news releases it appears the deal was signed in July and scheduled to close mid Sept. I just assumed the capital would be ready when they said they'd close.
Comment by Oliver Perry on September 6, 2014 at 1:18pm

Trapper,

I have no doubt the deal will go through. I have serious doubt that it will happen by mid September, but would be happy if it did.

Comment by Trapper on September 5, 2014 at 8:46pm
Oliver,Rex says mid Sept. closing on deal.
Do you have doubts it is a go?
 

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