Friday, July 15, 2011

Rex Energy Settles Lawsuit with PA Landowners

On July 15, 2011, Pennsylvania county judge Gary Caruso approved a $14 million settlement for a 2009 lawsuit filed by Westmoreland County landowners against Rex Energy Corp. According to the settlement, Rex Energy will offer five-year leases to 114 landowners. The leases will provide bonus payments of $2,500 per acre and 15% royalties.

Click here to read more about the settlement

Written by Andy Schwabenbauer, Research Fellow
July 15, 2011

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