Rex just filed for bankruptcy May 18th, holdings up for sale, things will be tied up in court for quite a while, probably aren't going to do much new drilling. I did get my royalties on time as usual on May 25th. Time will tell!
I received my royalties on time. Also received a letter stating about the bankruptcy and that royalties will continue as usual.
Has everyone else been getting legal notices for Rexx. Notice that the 4 creditors are Rexx sub divisions for creditors. Is there anything we should be doing legally stopping the claim so we aren't screwed ? A trip to an attorney may be in order ?
Yes, received a second letter with more info on creditors etc regarding bankruptcy. It’s my assumption that we will continue to receive our monthly royalties.
Got my notice from Christopher Hann from Rex at 11:21 this morning with link to energylink.com for this month's royalty payment. Then energylink sent a notice at 8:47 this evening. Amount looks normal just a day late. Good luck to all of us as Rex goes thru it!!