Rex getting more permits in Butler county Pa.

Rex put in well drilling requests for Fleeger pad and now Gray Pad. Would someone in the know please tell me where the Gray pad is? Thanks in advance.

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Replies to This Discussion

Permalink Reply by Jon on April 6, 2015 at 1:20am
Im pretty sure renewal is only $300. True. New bonus money would be nice. Who knows about drilling.
Permalink Reply by TomH on April 6, 2015 at 4:58am

Renewal is for same as original - $3250.

Rex just paid $3000 an acre for 135 acres along 308 just south of the high school.  Previous lease expired 2 years ago and Rex approached landowner.

Permalink Reply by Jon on April 6, 2015 at 6:08am
Ok. Maybe I was wrong. Interesting. I wonder what they plan to do with it.
Permalink Reply by TomH on April 6, 2015 at 6:18am

Not sure what they have in mind.  There are 6 of us with about 900 acres all adjoining each other,  all signed with Rex.  We are about 3 miles South of the Puryear wells and about 6 miles North of the Rennick site.

Permalink Reply by Jon on April 6, 2015 at 9:58am

My property is in that area too. It'll be interesting to see what happens.

Permalink Reply by Robert Allingham on April 6, 2015 at 10:40am

It appears that Rex is trying to HBP as much land as possible. I too were with BCLG and Rex has included most of my acreage in with the Renick pad. They appear to have divided up the 4 Renick wells into 4 different units of about 1100 acres each even though I'm directly east of the pad. I believe they are trying to keep on schedule with their 2015,2016 and 2017 plan as per the corporate presentation color coded map. There is still much hope even though gas prices are currently depressed. This is a long term play and we shouldn't lose hope. Good luck to everyone. Bob A.

Permalink Reply by Jon on April 6, 2015 at 2:29pm

Well their decline rate went from 66% to 47% anyway. Hopefully, that will keep improving.

Permalink Reply by DMS on April 13, 2015 at 12:40am

TomH,  Where are you located? I'm on Kiester road, so i was just curious how close we are to each other...

Permalink Reply by TomH on April 13, 2015 at 4:42am

Redbrush Road which is right next to Kiester. I'm about a mile in from Route 308

Permalink Reply by CJ on April 10, 2015 at 7:04am

Signed my REX lease in Dec. 2013.  It has now been sold to SUMMIT DISCOVERY RESOURCES II LLC, along with 176 other REX leases in the area (Franklin Twp., Muddy Creek, etc.).  SUMMIT is a subsidiary of Sumitomo Corporation of Americas.  Here's a link for the joint venture between the companies.  http://www.streetinsider.com/Corporate+News/Rex+Energy+(REXX)+Enters+Into+Joint+Venture+with+Summit+Discovery%3B+Increases+Borrowing+Base%3B+Updates+Guidance/5935534.html

Permalink Reply by Jon on April 21, 2015 at 12:00pm
Permalink Reply by Robert Allingham on April 22, 2015 at 6:18am

Thanks Jon!

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