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Tag Archives: Rex Energy

Middlesex fracking lawsuit in jeopardy, judge says

A Butler County judge said she would dismiss a lawsuit that a developer and 13 property owners filed against five fracking opponents and two environmental groups if they don’t amend it. The defendants were Middlesex residents who challenged the township’s zoning ordinances that allowed drilling in 90 percent of the township. Common Pleas Judge Marilyn Horan on Wednesday said the ...

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Gas producers partner with utilities to extend public water lines

Seven years ago, officials at Pennsylvania American Water debated whether the company should provide water to the new shale gas industry taking hold in the state. “In the early days, there were a lot of issues around water quality and water quantity,” Senior Vice President Kathy Pape said last week during a gas industry conference in Philadelphia. “There were concerns ...

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Analyst: Rex is down, but not out

How do you know when a company is on its deathbed? Could it be when its stock prices take an 80 percent hit in the course of a year? According to the Pittsburgh Business Times, this isn’t the case for Marcellus-centric natural gas driller Rex Energy. Despite the company’s share prices dropping from $21 per share in May 2014 to ...

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Middlesex board upholds legality of zoning ordinance to allow gas well drilling

An attorney for two environmental groups and four Middlesex residents vowed to appeal a decision Wednesday by the township’s zoning board to uphold the municipality’s zoning ordinance and a drilling permit for a controversial gas well. “It’s the first inning,” said Jordan Yeager, representing environmental groups the Delaware Riverkeeper Network and the Clean Air Council and four township residents. The ...

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Rex Energy and ArcLight come to an agreement

Rex Energy Corporation (NASDAQ: REXX) and an affiliate of ArcLight Capital Partners LLC have announced the two have formed a joint venture agreement to develop natural gas wells. The two companies will work together to develop 32 specifically designed natural gas wells in Butler County. ArcLight will participate and fund 35 percent of the costs to design the wells.  The ...

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As natural gas pipes drop, budgets, jobs are scaled back

When “Dallas” was a top-rated television show back in the ’80s, oilmen were portrayed as wildcatters, the last of a breed of take-no-prisoners businessmen who took risk after risk. Wildcatters, even fictional ones like J.R. Ewing, and real ones like T. Boone Pickens, drilled where their gut told them. Sometimes they won, sometimes they didn’t. The wildcatters were true boom ...

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Drillers’ new techniques, experience cut well costs, boost yields

Ray Walker often invokes a favorite saying when asked how shale gas companies can increase production by 20 percent or more while cutting spending on drilling by more than 40 percent. “The rock rules,” said Walker, executive vice president and chief operating officer at Range Resources Corp., repeating a phrase he used during the Fort Worth-based company’s most recent earnings ...

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