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 does your lease say about the size limit? If your lease has 640 for the limit, and they want you to alter it to the larger size, then you have some leverage to add things to your lease to make it better!! No surface clause, higher…"
I have property in Butler County,Pa that is in two different units with Rex Energy. One unit is drilled in the Burkett formation and the other unit is drilled into the Marcellus formation. Both share some of the same acreage and get…"
I went thru something similar years ago to what you're saying. Rex Energy wanted to change my lease unit size from 640 to 1280 acres. This is after they drilled a lateral under my property from a pad on an adjoining property. That…"
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 ]