"Rex Energy pays Shell $120M to expand in Pennsylvania, Ohio"

"Rex Energy said it struck a deal with affiliate of Shell called SWEPI to acquire a 100 percent interest in 208,000 acres in the Marcellus, Upper Devonian/Burkett and Utica shales in Pennsylvania and Ohio.

The acreage is in Armstrong, Beaver, Butler, Lawrence, Mercer and Venango counties in Pennsylvania and Columbiana and Mahoning counties in Ohio, which the company calls its “Butler operated area.” ... "

http://powersource.post-gazette.com/powersource/companies-powersour...

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Replies to This Discussion

Permalink Reply by Charles Randolph on August 20, 2014 at 7:31pm

Excellent point, Mr. Bluebird !!!

Permalink Reply by Ann Ticopa on August 19, 2014 at 1:37am

What I was referring to was eNOTICES, not DEP reports.  The DEP Permits Report covers only issued drilling permits.

Permalink Reply by Jack Young on August 23, 2014 at 2:18am
Actually not an "excellent point" - I said there was production data from only two wells, which is true. Other wells have been drilled, but drilling a well says nothing about the results. There is very little public data on the Utica in this area so far, and despite the good results of the Neal well, the Gee production in 2014 was disappointing. There are lots of possible reasons why, but I don't know what's really going on and neither does anyone else outside Shell.

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