I've been getting royalties for Ethane from wells that were drilled about six years ago here in Butler County, Pa. Ethane and condensate payments from the start. I think the reported news was a generalized summary of the cracker…"
Just because Rex filed for bankruptcy doesn't mean Rex will not exist when it's all over. Bankruptcy usually means people you owe money to, accept pennies on the dollar, or in non legalize, they get the shaft!!"
In Butler Co, PA, Rex Energy drilled the Burkett formation and the Marcellus formation years ago from the same pad. Burkett is above the Marcellus. I 'm in different units that correspond to the different layers of these…"
Got my notice from Christopher Hann from Rex at 11:21 this morning with link to energylink.com for this month's royalty payment. Then energylink sent a notice at 8:47 this evening. Amount looks normal just a day late. Good luck to all of…"
Rex just filed for bankruptcy May 18th, holdings up for sale, things will be tied up in court for quite a while, probably aren't going to do much new drilling. I did get my royalties on time as usual on May 25th. Time will tell! "
What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]