"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…"
"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…"
"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…"
"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…"
"If they are fracking Brace in June and waiting 60 days for flowback (check the rex website) then I would expect the earliest we would see the rig back for the Graham well is sometime in August or early September."
If you provide facts to support your assertions I'll gladly change my opinions. I don't have all the answers but I have taken the time to read annual reports and SEC filings from both REXX and CHK. I attended the REXX annual…"
The absolute number of permits and wells drilled is not an indicator at all. I'm not going to take the time to run the numbers but if you compared the ratio of acres in a unit and/or permitted to the total number of acres leased by the…"
"So LS, what does the number of permits have to do with the price of tea in China? CHK has roughly 1.2 million Utica acres including what they laid off/JV to Total, etc. REXX has 17.5k acres in the Utica. The number of permits and drilled wells…"
"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…"
I don't follow your argument regarding Rex. They just sold their Keystone midstream assets for more than they anticipated getting for Keystone plus their Rocky Mountain midstream assets. They are actually in fairly decent shape…"
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]