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Thursday, November 10, 2011

Rex Energy Reports Successful Utica Shale Well in PA

Utica shale well tests 9.2 MMcfd in Pennsylvania

Oil/Gas Journal

Rex Energy Corp., State College, Pa., said its initial horizontal Utica shale well stabilized at 9.2 MMcfd of dry natural gas and should begin flowing to sales in January 2012.

The Cheeseman-1H, north of Pittsburgh in Muddy Creek township of Butler County, Pa., had 12 frac stimulation stages in a 3,551-ft lateral.

Encouraged by the results, Rex Energy will drill and complete more Utica shale wells in Butler County in 2012. More....

6 comments :

Anonymous said...

Oh wow, with a 20% royalty and gas near $4, the landowner will receive roughly $4000 a day. Good for you.

Anonymous said...

Not bad for a day's work..

Anonymous said...

Yup that`s what they want you to beleive 12:50 :) Keep drinkin the kool aid !

Anonymous said...

$4,000.00 a day !!! Uncle Sam will love you !!!

Anonymous said...

Who cares about uncle sam's share. Even at 50 percent tax rate that is still $60,000 per month or $720,000 per year. I would enjoy that income!

Anonymous said...

This should help the bromide situation in Pittsburghs drinking water..... Ooops maybe i wasn`t supposed to say that