Rex Energy has just completed drilling and fracking its first horizontal Utica Shale well in western Pennsylvania and plans to bring it online once a gathering pipeline to the well is completed in January.
Joint ventures are a common way for oil and gas companies to share risk, expertise and resources. Here is a list of recent deals in the Marcellus shale:
Contrary to media reports which make it appear that an overwhelming majority of people oppose Marcellus drilling, not “everyone” is opposed. Case in point: Local citizens in Lancaster Township (Butler County), PA turned out to support drilling in their community in two separate meetings:
A group of 230 landowners in Westmoreland County, PA have settled a longstanding dispute with Marcellus drilling company Rex Energy. Landowners say they were approached by Rex representatives in 2007 and 2008 to sign leases, and they did sign, but then never received the promised payments. Lawyers charged that Rex was signing as many people [...]
The following operational updates about Rex Energy Corporation’s Marcellus drilling activity thus far in 2010, from a company press release: Butler County, Pennsylvania Marcellus Project Area Drilling and completion activity in Rex Energy’s Marcellus Shale project area in Butler County, Pennsylvania is continuing to progress on schedule. The two ‘Magill’ horizontal wells completed by the [...]
Rex Energy Corporation, an energy company drilling in the Marcellus Shale, today announced its fourth quarter and year-end 2009 results. The portion of the press release dealing with Marcellus drilling activity is reproduced below. —– In the Appalachian Region, Rex Energy has drilled and completed nine horizontal Marcellus Shale wells to date. The company drilled [...]
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