5,758+/- net mineral acres in Rush Township and Snow Shoe Township, Centre County, Pennsylvania.
This acreage is leased with Rex Energy/ XPR Resources, LLC at 17%, with no deductions.
4 wells have been drilled in a 640 acre unit by Rex Energy—now XPR Resources, LLC. The current cash flow is $20,000 to $32,000 per month. 28 additional wells were permitted on this acreage.
XPR Resources and Penn Natural Resources hold over 50,000 acres in Southwest Pennsylvania.
March of 2018, Marcellus Drilling News, graphed XPR's total number of drilled wells (Spud), total number of producing wells (Prod), and the total number of permits issued to drill new wells (Perm), by year from 2011—2017.
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5,758+/- Net Mineral Acres
Centre County, PA
Rush & Snow Shoe Townships
- Address: Centre County, PA, USA
- State: Pennsylvania
- County: Centre County
- Township: Rush
- Net Mineral Acres: 5,758+/-
- Unitized: Yes
- Well/Unit Name: Resource Recovery
- Lessee Name: REX/XPR
- Lease Date: HBP
- Primary Term: HBP
- Extension Term: HBP
- Royalty Rate: 17%
- Royalty Type: Gross