Replies to This Discussion

Permalink Reply by Robert Allingham on April 7, 2015 at 4:53am

Thank you for the valuable info Oliver P.

Permalink Reply by Oliver Perry on April 7, 2015 at 11:04am

You're welcome Matt & Bob. REX recorded the 4th Renick unit April 6th, and is attached below.

Bob, I saw a post where you mentioned 4 Renick units, so I had a look at the Butler County Recorder's site and saw the last unit recorded yesterday. I wanted to add it to this thread for anyone interested.

Attachments:

• REX Renick SW Unit.pdf, 489 KB

Permalink Reply by rmc on April 12, 2015 at 12:38am

Question How many wells are they going to drill from this one well pad?

Permalink Reply by Robert Allingham on April 12, 2015 at 5:32am

RMC, that's a million dollar question! For now it will be only 4 wells in order to HBP as much land as possible. If REX stays in business(which I believe they will), they eventually will return to drill more but maybe not on the same pad. We will have to wait and see what RENICK pad production numbers look like before any of us laymen can make an educated guess. Maybe someone with more facts can help us along the way. This is all just my humble opinion based upon previous discussion with a landman. Sorry I don't have any solid facts for you. Good luck and may you strike it rich.

Permalink Reply by Klix on April 16, 2015 at 1:06am

These units seem to cover quite a large amount of area to be HBP for just 4 wells. Each unit is approximately 3700FT wide by 2.5 miles long. Maybe 4 wells per unit. And still over 2 miles long at that. Or are my measuements totally off? I used the measurement utility on Butler Co website GIS map program and eyeballed the unit boundries.

Permalink Reply by Robert Allingham on April 16, 2015 at 3:16am

Klix, Only 1 well per production unit on Renick pad for now. Rex is holding one thousand plus acres HBP per well until they get as much acreage held as possible in Butler county Pa.

Permalink Reply by Philip Thackray on April 18, 2015 at 2:11am

Klix,

The acreage of each unit is listed on the map at the end of the declarations that Oliver Perry has posted.  Each one is about 1100 acres which is less than 2 square miles (1280 acres) which is the new normal limit for a unit.

Phil

Permalink Reply by TomH on June 1, 2015 at 10:03pm

Rennick well being flared this morning

Permalink Reply by Robert Allingham on June 7, 2015 at 7:11am

The one well flare on Renick pad is now out. Don't know if that is good or bad news. Also, last night I heard several "explosions?"(for lack of a better word). Does anyone know what that would be? Is that how they shut down a "flared well"? 

Permalink Reply by BK on June 2, 2015 at 6:47am

Hi everyone,

I'm new to this site/discussion, but has there been any update about a possible timeline on when these units will start to pump?

 

Permalink Reply by Jon on June 7, 2015 at 2:32pm

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