Rex and Their Shell Holdings in W.PA - GoMarcellusShale.com2024-03-28T12:03:10Zhttps://gomarcellusshale.com/forum/topics/rex-and-their-shell-holdings-in-w-pa?commentId=2274639%3AComment%3A706544&feed=yes&xn_auth=noGood for the lease holder....…tag:gomarcellusshale.com,2015-11-24:2274639:Comment:7071412015-11-24T01:11:16.820ZKrendalehttps://gomarcellusshale.com/profile/DennisGaggini
<p>Good for the lease holder..........but the well pad of 11 wells will be less than a mile from 1400 residential properties, shopping malls, the VA Hospital, a medical center, and a main highly traveled State Road.</p>
<p>Sometimes I wonder about DEP's regulations...........</p>
<p>Good for the lease holder..........but the well pad of 11 wells will be less than a mile from 1400 residential properties, shopping malls, the VA Hospital, a medical center, and a main highly traveled State Road.</p>
<p>Sometimes I wonder about DEP's regulations...........</p> Good to heartag:gomarcellusshale.com,2015-11-23:2274639:Comment:7072152015-11-23T03:11:42.179ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
Good to hear
Good to hear I looks like REX still has in…tag:gomarcellusshale.com,2015-11-23:2274639:Comment:7068122015-11-23T02:13:45.770ZKrendalehttps://gomarcellusshale.com/profile/DennisGaggini
<p>I looks like REX still has interests in Butler Township! Krendale Golf Course leased thru 2018.</p>
<p>I looks like REX still has interests in Butler Township! Krendale Golf Course leased thru 2018.</p> Phil,
Now that you're gettin…tag:gomarcellusshale.com,2015-11-20:2274639:Comment:7066542015-11-20T15:01:14.254ZLewPahttps://gomarcellusshale.com/profile/LewisLauschus411
<p>Phil,</p>
<p></p>
<p>Now that you're getting Rex royalties, how does Markwest prices on products compare to XTO's prices from your other wells? Thanks, LewPa</p>
<p>Phil,</p>
<p></p>
<p>Now that you're getting Rex royalties, how does Markwest prices on products compare to XTO's prices from your other wells? Thanks, LewPa</p> Jon,
Ugh!!! I'm in the Rex B…tag:gomarcellusshale.com,2015-11-20:2274639:Comment:7064512015-11-20T12:12:52.772ZPhilip Thackrayhttps://gomarcellusshale.com/profile/PhilipThackray
<p>Jon,</p>
<p>Ugh!!! I'm in the Rex Brownsdale West unit (well pad behind Gumto's greenhouse on Meridian Road in Penn Township, Butler County, PA) so I pay attention to what is going on with Rex. This is pretty bad news. Having downgraded Rex to Caa1, the only good news from the report was this: "The ratings are supported by the company's growing production and reserve base scale being better than most Caa1 peers. REXX will benefit from improved well performance in the Butler County area of…</p>
<p>Jon,</p>
<p>Ugh!!! I'm in the Rex Brownsdale West unit (well pad behind Gumto's greenhouse on Meridian Road in Penn Township, Butler County, PA) so I pay attention to what is going on with Rex. This is pretty bad news. Having downgraded Rex to Caa1, the only good news from the report was this: "The ratings are supported by the company's growing production and reserve base scale being better than most Caa1 peers. REXX will benefit from improved well performance in the Butler County area of the Marcellus Shale play and the improving midstream infrastructure in the region."</p>
<p>Rex IS getting much better results from their recent well completions.</p>
<p>I hope that they can hold on.</p>
<p>Phil</p> https://www.moodys.com/resear…tag:gomarcellusshale.com,2015-11-19:2274639:Comment:7064042015-11-19T23:46:44.352ZJonhttps://gomarcellusshale.com/profile/JonKurtanich
<p><a href="https://www.moodys.com/research/Moodys-downgrades-REX-Energy-to-Caa1-negative-outlook--PR_339486?WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc%3d~20151119_PR_339486" target="_blank">https://www.moodys.com/research/Moodys-downgrades-REX-Energy-to-Caa1-negative-outlook--PR_339486?WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc%3d~20151119_PR_339486</a></p>
<p><a href="https://www.moodys.com/research/Moodys-downgrades-REX-Energy-to-Caa1-negative-outlook--PR_339486?WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc%3d~20151119_PR_339486" target="_blank">https://www.moodys.com/research/Moodys-downgrades-REX-Energy-to-Caa1-negative-outlook--PR_339486?WT.mc_id=AM~WWFob29fRmluYW5jZTQyX1NCX1JhdGluZyBOZXdzX0FsbF9Fbmc%3d~20151119_PR_339486</a></p> I agree that most of the Shel…tag:gomarcellusshale.com,2015-11-19:2274639:Comment:7065442015-11-19T17:31:39.799Zmichael motorcyclehttps://gomarcellusshale.com/profile/michaelmotorcycle
I agree that most of the Shell leases will not be developed. The issue is the 18% no deduction clause and the extension bonus. If you check the Butler county recorder of deeds website, there are old East leases from 2010 that were recently released and not extended or leased again. Western land services approached us about a ROW from the Williams well to the National Fuel line in slippery Rock about 5 months ago but because Rex let our Shell lease expire and did not exercise the extension we…
I agree that most of the Shell leases will not be developed. The issue is the 18% no deduction clause and the extension bonus. If you check the Butler county recorder of deeds website, there are old East leases from 2010 that were recently released and not extended or leased again. Western land services approached us about a ROW from the Williams well to the National Fuel line in slippery Rock about 5 months ago but because Rex let our Shell lease expire and did not exercise the extension we opted not to sign although they are still attempting to obtain ROWs in the area. Rex's partnership with Stonehenge did include all of the acquired Shell leases in Butler county but I believe the joint venture with Arclight only pertains to the Moraine East area and their legacy area. Matt, im not 100% sure how th…tag:gomarcellusshale.com,2015-11-19:2274639:Comment:7066352015-11-19T13:05:43.122ZGeo5https://gomarcellusshale.com/profile/georgesmith429
<p>Matt, im not 100% sure how the joint venture works, but it was something like, 8 wells in the butler area, and 8 wells in the moraine east area to start with. Then there was an option for 16 more wells. My guess, it seams like they already did an extra 8 wells in the moraine east area this year, so i wonder if they already did the option for the extra wells. Rex don't talk about it in there presentations any more.</p>
<p>Matt, im not 100% sure how the joint venture works, but it was something like, 8 wells in the butler area, and 8 wells in the moraine east area to start with. Then there was an option for 16 more wells. My guess, it seams like they already did an extra 8 wells in the moraine east area this year, so i wonder if they already did the option for the extra wells. Rex don't talk about it in there presentations any more.</p> New Beaver Borough
Lawrence C…tag:gomarcellusshale.com,2015-11-19:2274639:Comment:7064362015-11-19T00:15:58.703ZTrapperhttps://gomarcellusshale.com/profile/GlennArmstrong
New Beaver Borough<br />
Lawrence County PA
New Beaver Borough<br />
Lawrence County PA Where exactly are you? Are y…tag:gomarcellusshale.com,2015-11-18:2274639:Comment:7063672015-11-18T22:41:35.488ZDaryl Brownhttps://gomarcellusshale.com/profile/DarylBrown
<p>Where exactly are you? Are you at liberty to say? County and Township please?</p>
<p>Where exactly are you? Are you at liberty to say? County and Township please?</p>