REX ENERGY Q&A

Since Rex's buy out of Swepi's Western PA and Eastern Ohio leaseholds,a lot of folks (including me) may have questions for y'all who are being produced by Rex. You can pose these questions on this thread if you like! Thanks.

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Permalink Reply by LewPa on May 10, 2015 at 6:50am

Trapper,

I'm in one of Rex's units now and about to be in two more units shortly (they're fracking them now), pipelines already in. Rex has been drilling all around us for years, Butler Co, PA. Rex runs a first class operation, no expense cornered, first class on excavating and restoration ( I know quite a few of the subs for their site work) When they're applying for drilling permits, Markwest is doing ROWs and permits, so when the well is done it's into production right away, no screwing around! Rex has to keep drilling so they can fulfill their production obligations to Markwest and to try to hold as much of the new Swepi leases as possible. Markwest pipes and processes all of Rex's gas and keeps expanding their plants for more production. Markwest then markets all their gas thru BP. Whether they are making any money... who knows... you sure can't believe their stock propaganda!  LewPa

Permalink Reply by Trapper on May 10, 2015 at 2:52pm
Thanks LewPa.
Good to know they arrange pipelines as they get permits to drill. Hopefully our area will be drilled soon.I feel comfortable with them holding my lease. Thanks again.
Permalink Reply by LewPa on May 10, 2015 at 8:44am

Matt,

I'm also long on Rex stock, started in Jan when it became a no brainer, way oversold. Been trading it since, done fairly well, in it now for a little longer term, for some of the reasons you state. Not for the faint of heart! Question is, if they sell some more of their assets, they use the money to keep drilling, price of gas doesn't respond, then what? Nothing left to sell!!  Still haven't  figured out their long range plan. Hold out for the Shell cracker? Did you do alright in Rex and Halcon stock? Did your property get into one of the Renick Units? LewPa

Permalink Reply by Trapper on May 11, 2015 at 2:20pm
http://marcellusdrilling.com/2015/05/rex-energy-to-sell-acreage-in-...

Butler AND Lawrence Counties...sounds like we have what they want!
Permalink Reply by Trapper on May 13, 2015 at 3:43pm
They will retain their acreage in Carroll County, OH and their acreage in Butler and Lawrence counties in PA. It seems as if everything else (at least in the northeast) is up for sale.
Permalink Reply by Joseph-Ohio on May 13, 2015 at 4:20pm
I'd expect things to accelerate once their acreage sells (or even before).

We'll see.
Permalink Reply by Trapper on May 13, 2015 at 11:10pm
I sure hope so. Except for Hilcorp's activity,the rest of Lawrence County has been languishing. My hunch is the Cracker will give us momentum.
Permalink Reply by Philip Thackray on May 14, 2015 at 1:07am

Matthew,

Rex check stub attached.

Phil

Attachments:
Permalink Reply by Jon on May 14, 2015 at 3:30pm

How many acres is that? How big is the unit?

Permalink Reply by Philip Thackray on May 15, 2015 at 12:12am

1262 acres.  Brownsdale West Unit

Phil

Permalink Reply by Philip Thackray on May 15, 2015 at 12:50am

Jon,

Which unit are you asking about.  I thought that you were asking about the Stebbins pad that Lew referred to below.

If you were asking about the check stub I posted, that is the Rex Lamperski unit in Forward Township, Butler County, PA.  The check stub is for 1.5 acres in a 624 acre unit with a 12.5% royalty.

Phil

Permalink Reply by Rich on May 25, 2015 at 2:16am
Hi guys. I don't see the check stub. Can I ask how much it was for the 1.5 acre?
Thanks
Rich

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