Ohio· County Detail
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No broker fees. No auction. We close with our own capital.
By Brad Caponigro, Founder · Last updated
Per the state well registry. Per-county monthly volumes are not published for Ohio; well counts and operator activity are the closest proxy for ongoing production.
| Operator | Parent | Ticker | HQ |
|---|---|---|---|
| Ascent Resources | — | Private | — |
| Gulfport Energy | — | GPOR(NYSE) | Oklahoma City, OK |
| Eclipse Resources | — | Private | — |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Monroe County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Monroe County is on our active buy list. We buy mineral interests, royalty interests, NPRI, and ORRI on both producing and non-producing tracts targeting the Utica formation.
The most active operators we track in Monroe County include Ascent Resources, Gulfport Energy, Eclipse Resources. We regularly buy interests held under leases with these operators.
Monroe County sits in the Utica Shale, where the primary target is utica. Here we underwrite the Utica formation.
Monroe County is in the wet-gas Utica window in eastern Ohio, with Ascent Resources, EAP Ohio, and a handful of other operators running horizontal programs. The Utica here is economic for both gas and condensate, and well spacing has tightened over the last several years as completion designs improved. We value Monroe County interests off the actual unit's production history and the operator's permit pipeline, not a county average.
Ohio's ORC 1509.27 allows the Ohio Department of Natural Resources to compulsorily pool unleased or non-consenting tracts into a drilling unit when statutory conditions are met. Compulsorily pooled owners receive a cost-bearing interest with statutory royalty (typically 12.5%) and risk-adjusted penalties on costs. The practical effect: holding out for a better lease bonus has limited leverage in active areas. For sellers, we underwrite the unit as it actually exists, whether a tract was leased voluntarily or pooled by order.
Ohio courts have generally allowed post-production cost deductions absent explicit lease language to the contrary (Lutz v. Chesapeake Appalachia and progeny). Whether your specific lease prohibits or limits deductions depends on the exact wording. Wet-gas processing costs, gathering, and transportation to interstate pipelines are the typical deduction categories. The deduction line is meaningful in dollar terms; we read both the lease and recent check stubs as part of underwriting.
Closings on Monroe County mineral rights typically take 7 to 30 days from the date you accept our offer, depending on title complexity. We handle county-level title work, PSA drafting, mineral deed preparation, and notary coordination at our expense.
Just a tract description (abstract or survey, section/township/range, or a legal description from your deed) and any recent royalty check stubs if the interest is producing. You do not need to gather deeds or title opinions up front.
Monroe County sits in the Utica Shale, where operators are targeting utica. Activity is led by names like Ascent Resources, Gulfport Energy, Eclipse Resources, and new drilling continues to shape the play across the Utica formation.
If you hold mineral rights, royalty interests, NPRI, or ORRI anywhere in the county, we'd like to put a written offer in front of you. Every offer we send is funded from our own balance sheet — there's no auction, no broker markup, and no third-party capital waiting to approve the deal.
Monroe County has steady development activity and we buy here regularly. If you own minerals in the county, we'd like to evaluate your tract.