Rex put in well drilling requests for Fleeger pad and now Gray Pad. Would someone in the know please tell me where the Gray pad is? Thanks in advance.

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Im pretty sure renewal is only $300. True. New bonus money would be nice. Who knows about drilling.

Renewal is for same as original - $3250.

Rex just paid $3000 an acre for 135 acres along 308 just south of the high school.  Previous lease expired 2 years ago and Rex approached landowner.

Ok. Maybe I was wrong. Interesting. I wonder what they plan to do with it.

Not sure what they have in mind.  There are 6 of us with about 900 acres all adjoining each other,  all signed with Rex.  We are about 3 miles South of the Puryear wells and about 6 miles North of the Rennick site.

My property is in that area too. It'll be interesting to see what happens.

It appears that Rex is trying to HBP as much land as possible. I too were with BCLG and Rex has included most of my acreage in with the Renick pad. They appear to have divided up the 4 Renick wells into 4 different units of about 1100 acres each even though I'm directly east of the pad. I believe they are trying to keep on schedule with their 2015,2016 and 2017 plan as per the corporate presentation color coded map. There is still much hope even though gas prices are currently depressed. This is a long term play and we shouldn't lose hope. Good luck to everyone. Bob A.

Well their decline rate went from 66% to 47% anyway. Hopefully, that will keep improving.

TomH,  Where are you located? I'm on Kiester road, so i was just curious how close we are to each other...

Redbrush Road which is right next to Kiester. I'm about a mile in from Route 308

Signed my REX lease in Dec. 2013.  It has now been sold to SUMMIT DISCOVERY RESOURCES II LLC, along with 176 other REX leases in the area (Franklin Twp., Muddy Creek, etc.).  SUMMIT is a subsidiary of Sumitomo Corporation of Americas.  Here's a link for the joint venture between the companies.  http://www.streetinsider.com/Corporate+News/Rex+Energy+(REXX)+Enters+Into+Joint+Venture+with+Summit+Discovery%3B+Increases+Borrowing+Base%3B+Updates+Guidance/5935534.html

Thanks Jon!

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