Replies to This Discussion

Permalink Reply by Jon Laughner on October 22, 2014 at 2:38am

Great information guys. Thanks for sharing.

Last one I heard from Rex in Little Beaver/North Beaver this week was a 10 year at $2500 or a 5 year for $1500. (anyone think through the rational of those two offers?) Royalty with deductions 14-15%. Told by landman there was no discussion on deductions.

Permalink Reply by Trapper on October 22, 2014 at 3:54am

http://www.ahs.dep.pa.gov/eFACTSWeb/searchResults_singleSite.aspx?S...

This is for New Beaver but I don't know where. Anyone know?

Permalink Reply by Trapper on December 14, 2014 at 9:10am

Just thought I would check if we still have a pulse! Lol!
Anyone hearing anything from Rex?

Permalink Reply by Jon Pringle on December 19, 2014 at 5:46am

I too would like to know is Rex has a pulse. 

Permalink Reply by James Kennedy on December 21, 2014 at 5:20am

It looks like Rex is out of the game. Looking at the Registar & Recorder site. I was with the Mt. Jackson group and on 9/11 we signed with Hilcorp, on 4/13 the lease went to Shell/Swepi, then on 09/14 it went to Rex. Now it looks like on 10/01/2014 it went back to Hilcorp. along with a lot of others.

Permalink Reply by Trapper on December 21, 2014 at 6:54am

In Rex's press releases in Sept they allude to partnering to get the new acquisitions developed. Looks like a Rex/Hilcorp team perhaps? Any of Swepi's original leaseholds involved in transfer to Hilcorp?

Rex will be drilling a new pad a little west of Patterson's,so I don't believe they are out of the game.

Permalink Reply by Jim Litwinowicz on December 24, 2014 at 2:59am

James where are you located?  It could be that Hilcorp swapped for your lease to complete a unit.  Maybe this is a sign you will be in a unit and drilled soon.  There will be a lot of slicing and dicing between these two as they define specific units.

Trapper, first I heard of a new Rex pad.  Good news as it shows that Rex ain't waitin around.

Permalink Reply by James Kennedy on December 24, 2014 at 12:12pm

I am located in North Beaver Twp. I usually only check what is happening in North Beaver. That is where I noticed that myself and a whole lot of others went from Rex to Hilcorp. I also saw that right of ways are going from the West Pittsburg power plant moving east to west north of my property. It looks like that project will begin in 2015.

Permalink Reply by pat on December 25, 2014 at 2:33pm

the pipe line is planed headed east from route 18 threw the gun club and under the river to the power plant. this is suppose to take place around june. the club is suppose to be shut down for two months while this is going on.

Permalink Reply by Trapper on December 25, 2014 at 3:03pm

Do you have any idea where we can see a map of this pipeline? Where is this line coming from?
Please keep us posted.

Permalink Reply by pat on December 26, 2014 at 2:04am

i  believe its going just north  of rt 168 and rt 18 and headed to the power plant just north of the skeet fields. we will know more here just after the first of the year.

Permalink Reply by Trapper on December 26, 2014 at 5:32am

Thanks Pat. I wonder who is supplying the gas and where the feeder line will originate? Could it be the cryo plant near New Middletown?
What about the power plant supposedly going in the old powder mill property? Is it still being built?

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