ram936
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Rex Energy canceling lease agreements

Started this discussion. Last reply by Canter Mar 17, 2013. 25 Replies

After signing a lease with Rex Energy in January, 2012, and waiting months for Rex to sign (they said there was a "problem" with how my land was held in trust), my lawyer informed me this past Friday…Continue

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Introduce Yourself
Contacted by Kenyon Energy in August of 2010. Offered $350/acre for leasing rights. Started investigating the Marcellus Shale boom and held off signing any leases until January, 2012. I had two offers (from Chesapeake and Rex Energy) and chose the one with the best contract terms (the sign-on bonuses were the same). After months of waiting for the lease to be completed, my lawyer called me this past Friday, May 25, that Rex Energy contacted him and said they were no longer interested in leasing my 118 acres. I guess I should have signed with Chesapeake. 
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Which state(s) are you following?
N/A, Pennsylvania, West Virginia, New York, Ohio, Maryland
What shale plays do you follow?
All Shale Plays, Bakken, Barnett, Eagle Ford, Fayetteville, Haynesville, Marcellus, Niobrara, Utica

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