Pennsylvania· 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 Pennsylvania; well counts and operator activity are the closest proxy for ongoing production.
| Operator | Parent | Ticker | HQ |
|---|---|---|---|
| Coterra Energy | — | Private | — |
| Expand Energy | — | Private | — |
| Repsol | — | Private | — |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
Recent permit activity: 66 new drilling permits in the last 24 months.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Susquehanna County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Susquehanna 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 Marcellus formation.
The most active operators we track in Susquehanna County include Coterra Energy, Expand Energy, Repsol. We regularly buy interests held under leases with these operators.
Susquehanna County sits in the Appalachian Basin, where the primary target is marcellus. Here we underwrite the Marcellus formation.
Yes — 66 new drilling permits were filed in Susquehanna County in the last 24 months. Recent permit activity is one of the inputs we weigh when sizing an offer on undeveloped or PDP-only acreage.
Northeastern PA Marcellus (Susquehanna, Bradford, Wyoming counties) is dry gas with no liquids uplift, so realizations track gas pricing alone. Cabot/Coterra has historically been the dominant operator with extremely tight well spacing and consistently high IPs. Takeaway is constrained — capacity from the northeast Marcellus to Henry Hub or to mid-Atlantic markets has been the binding constraint on price for years. Realizations frequently sit well below Henry Hub on the basis differential.
Realized prices are highly seasonal because of the takeaway bottleneck. Winter heating demand pulls Northeast gas higher and basis differentials narrow; summer shoulder seasons see deep discounts as in-basin supply exceeds export capacity. Annualizing 12 months smooths the swing, but a year-over-year comparison that picks the wrong endpoints can wildly mis-state the unit's real value. We use a 12-month rolling window plus type-curve forecasts in our underwriting.
Cabot/Coterra leases in the area often have specific post-production cost language that owners should review carefully. Whether gathering, compression, and transportation costs can be charged back against royalty depends on the exact lease — some carry "marketable product" or "no-deductions" provisions, others allow a wide range of charges. The deduction line on a Susquehanna check often surprises owners; we always read the actual lease before pricing.
Closings on Susquehanna 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.
Susquehanna County sits in the Appalachian Basin, where operators are targeting marcellus. Activity is led by names like Coterra Energy, Expand Energy, Repsol, and new drilling continues to shape the play across the Marcellus 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.
Susquehanna County has steady development activity and we buy here regularly. If you own minerals in the county, we'd like to evaluate your tract.