Rex Energy pays $120 Million for SWEPI Acreage in PA and OH

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Stock holders dont seem to think it is a big deal. Why?  stock is on the down side.

About $575 an acre?

Wondering how much of an overriding interest Shell maintains in the deal ?

Overriding royalty interest ?

Working interest ?

SWEPI did not sell its assets in north central PA.  Only those in and around Butler/Lawrence Co.'s 

Does this have any effect on the Shell plant in Beaver County? 

Good Question.

Did Shell keep acreage in central/southern Beaver County near Monaca ?

It appears they sold acreage in northern Beaver County.

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