Capping OLd Wells..Rex Leasing

Rex energy has been capping all of their old wells, and still are as we speak, and were leasing in  western Warren County, PA last year. Does this mean Rex  has plans for Western Warren County Pa in the near future??

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Permalink Reply by jason on July 16, 2013 at 6:26am

I am watching them out the window right now. Capping my neighbors well off, and everyone up here on the hill. This could be great news for the furture.

 

Permalink Reply by uncle sye on July 16, 2013 at 7:23am

That's great to hear, my man. Appreciate it.

Permalink Reply by farmgas on July 16, 2013 at 8:24am

Do you mean they are shutting in or plugging old wells?   Why is this good news and an indicator for future development?

Permalink Reply by jason on July 16, 2013 at 9:23am

Yeah they are pluggin old shallow wells off, and that free's everybody up that was HBP so we can re lease.

 

Permalink Reply by uncle sye on July 16, 2013 at 3:49pm

That's right Jason. I have heard, but you know how that goes, that REX may drill an exploratory well in 2014 near Spring Creek. I'm not positive how true this is, you know hear say, Many landowners signed leases with Rex last year in 2012 for 15% and 1500 per acre, with deductions. Its a very exciting time hear in Pensyltucky, Jack....or I mean Jason. We'll see what happens

Permalink Reply by Jeff on July 17, 2013 at 3:45am
They tried signing me up with that offer last year. Told them to stick it.rex energy that is.hope uncle sye is right!
Permalink Reply by Jed Clampett on July 17, 2013 at 3:47am

I didn't think Rex would be that stupid, to plug an existing well and expose themselves to releasing payments.  They should be sucking the last drop of anything valuable form existing wells just to hold the land by production.  If they are freeing already leased land, then their left hand doesn't know there even is a right hand.  The only way it would make sense is in preparing to drill a big well, but I don't see how/why they would even need to do that. 

Rex has so much land held by production around spring creek, and they have 4 more years on any new leases, don't expect much for a couple of more years.

Permalink Reply by uncle sye on July 17, 2013 at 9:22am

I don't believe they are plugging producing wells, only wells that are no longer producing. Capping those babies off, and leasing more land. I agree, Jed it will be a couple more years, but it's coming!

The wells still producing will keep the land help by production. When Rex has their existing leased land drilled in Butler County and Southern Ohio and it is HBP, they will be coming to Warren County!

 

Permalink Reply by jason on July 23, 2013 at 3:08am

My neighbor got a letter in the mail saying " That they will be testing his water source, before and after they put in a test well ". I am not sure on when they plan on putting it in. If I am right, they only test water wells if the gas well is going to be within 1000ft of their drinking water. Every bit of information helps, feel free to correct me if I am wrong. Thanks

Permalink Reply by Tom R on July 23, 2013 at 4:54am

I think you are a bit off on the testing distance. My water was tested as a result of two wells going in, ones was about 1,500 feet away, the second was just under 2,500 feet. I do know that as part of the drilling permit process in PA they now have to notify all water well owners within 3,000 feet of the planned well head location. It used to be 1,000 feet for required notification, but that changed in early 2012. They were doing the testing at greater distance before that, mine was first tested in 2010.

Permalink Reply by Jed Clampett on July 23, 2013 at 10:53am

Jason, Start asking around, see who else got the letters.  That could be the first hint of what they are planning (like where the test well will be).

Permalink Reply by uncle sye on July 25, 2013 at 4:16pm

Any new information to share Jason? Any new news on the hill?

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