rex energy rescinds lease offers

just an update from sw pa this week rex energy sent letters to many lease holders stating that they are no longer interested in leases signed back in august 2008

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Permalink Reply by Vic on March 11, 2009 at 9:06am
Where do you see the price of oil per bbl and gas per mmcf going to by dec 2009. do you have any leases in the marcellus shale. looks like this is bigger then the barnett shale field. i hear things are slowing down alot in the barnett shale
Permalink Reply by tony hughes on April 10, 2009 at 4:29am
also in same area ,north central pa, no payment here yet either.. they are drilling nearby, east resourses that is...
Permalink Reply by frank on March 18, 2009 at 9:40am
rex has drilled 4 wells within a mile from my home , and they are preparing 2 sites about a 1,000 feet up the road from where i live as i write this. i live in derry twp. westmoreland county. i signed in 2008 an have been paid.
Permalink Reply by richard bender on March 19, 2009 at 9:39am
thanks frank i live in ligonier twp i know of some people getting paid and others receiving letters rescinding . do you know if the wells were horizontals or verticals?
Permalink Reply by frank on March 24, 2009 at 3:22am
at least two horizontals according to the propety oweners.
Permalink Reply by Vic on March 24, 2009 at 7:19am
At what depth is the KOP and after the KOP what is the TD, are they using a LWP or MWP tool, and what type of mud motor are they using. after TD how many frac stages are there and how far apart.
Permalink Reply by Otto Miller on October 9, 2009 at 7:02am
Where are the frac service companies locating.
Are they gathering in some area, or are they spread all over the state.

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