You don’t read much these days about new land deals and offers being made in the PA Marcellus. Oh it happens, but not nearly as much as it used to. So when MDN runs across mention of a new offer, we figure that’s news you want to know about—particularly where and how much?
Rex Energy has just made an offer to Middlesex Township (Butler County), PA to lease some or all of the town’s 20-plus acres located on Browns Hill Road. Rex is just floating the idea at this stage to Middlesex—no specific numbers were thrown on the table. However, Rex did recently make an offer to neighboring Clinton Township, so it stands to reason the numbers for lease bonus and royalties would be similar. Here’s the details: