Pipeline giant MarkWest has just gobbled up another, albeit much smaller, competitor. MarkWest announced yesterday it is purchasing Keystone Midstream for $512 million. Keystone is owned by Stonehenge Energy Resources and Rex Energy with operations primarily in Butler County, PA. As part of the deal, MarkWest will gain contracts and a partnership with Rex Energy [...]
About 75 people picketed in front of Rex Energy’s offices in downtown Butler, PA yesterday afternoon. They were protesting the decision by the PA Department of Environmental Protection that allows Rex Energy to stop water deliveries to 11 families in Connoquenessing Township community (30 miles north of Pittsburgh). The families claim that nearby Marcellus Shale [...]
Rex Energy, a prolific driller in the Marcellus Shale, reported its 2011 financial and operational results along with 2012 capital budget projects on Tuesday. In what has become a near unanimous refrain from drilling companies, Rex also says less drilling in the dry gas areas and more drilling in the natural gas liquids areas. From [...]
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 [...]
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