Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Rex Energy announces $175 million joint venture in Utica, Marcellus shales

Rex Energy Corp. on Tuesday announced a $175 million joint exploration-development agreement in the Utica and Marcellus shales in eastern Ohio and western Pennsylvania.

The company, based in State College, Pa., is partnering with an affiliate of New York-based credit manager Benefit Street Partners LLC to develop 58 new wells in the two states.

The joint venture will cover about 6,300 acres in the Warrior North Area in Ohio’s Carroll County and about 42,000 acres in the Moraine East in Pennsylvania’s Butler County.

Read More

 Marcellus Minutes © 2015 | 4075 Linglestown Road, PMB 356 | Harrisburg, PA 17112 | Bigley and Blikle, LLC