Any news for butler county wells with Rex Energy?

ANY NEWS IN  Butler Co   with Rexx Energy ???

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Permalink Reply by LewPa on June 10, 2018 at 3:47pm

Tony,

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! 

Permalink Reply by Nancy L Hossalla on June 12, 2018 at 10:23am

I received my royalties on time. Also received a letter stating about the bankruptcy and that royalties will continue as usual.

Permalink Reply by tony d on June 19, 2018 at 3:26am

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 ?

Permalink Reply by Nancy L Hossalla on June 19, 2018 at 3:57am

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. 

Permalink Reply by Frank on June 26, 2018 at 10:01am
Didn't get my email from energy link as of yet, wonder if royalties are going to stop? Thoughts anyone.
Permalink Reply by LewPa on June 26, 2018 at 2:21pm

Frank,

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!!

Permalink Reply by Nancy L Hossalla on June 26, 2018 at 2:34pm
Received my royalty on time, June 25th. Received all the notices about the bankruptcy.
Permalink Reply by Nancy L Hossalla on July 30, 2019 at 4:31am

My checks are getting less and less. The last one was a laugh. Can anyone tell me what happens when your 5 year signed lease is up? Do I have to sign again?

Permalink Reply by Jim Litwinowicz on July 30, 2019 at 4:37am

If you are in a producing unit and are getting royalties, the lease will remain in affect. That means for people getting royalties the lease will probably remain active as long as you live.

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