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 |
|---|---|---|---|
| Range Resources | — | Private | — |
| EQT Corporation | — | Private | — |
| CNX Resources | — | Private | — |
| Expand Energy | — | Private | — |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
Recent permit activity: 137 new drilling permits in the last 24 months.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Washington County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Washington 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 and Utica formations.
The most active operators we track in Washington County include Range Resources, EQT Corporation, CNX Resources, Expand Energy. We regularly buy interests held under leases with these operators.
Washington County sits in the Utica Shale, where the primary target is marcellus / utica. Here we underwrite the Marcellus and Utica formations.
Yes — 137 new drilling permits were filed in Washington 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.
Washington County straddles the wet/dry-gas window in southwestern Pennsylvania. Eastern townships sit in the dry-gas Marcellus where realizations are essentially Henry Hub minus a Dominion South or Texas Eastern M2 basis (often a deep discount in shoulder seasons). Western townships extend into the wet-gas window where condensate and NGL yields uplift realizations meaningfully above dry-gas wells. We underwrite based on which window the actual unit sits in, not just "Washington County Marcellus."
Yes, sometimes materially. Where a Marcellus lease was granted with depth restrictions or "all depths" language varies tract-by-tract. If the lease is held by Marcellus production but covers all depths, an eventual Utica development on the same unit produces additional royalty without further leasing. If the lease is depth-limited, only the Marcellus production runs through. Our underwriting reads the actual lease language; the difference can change the offer on a held-by-production tract.
Pennsylvania allows operators to charge post-production costs (gathering, compression, dehydration, processing, transportation) against royalties unless the lease prohibits it. In a wet-gas area like Washington County, processing costs alone can be a significant deduction line because the gas has to be sent through cryogenic plants to extract NGLs. The lease language — particularly the post-production cost clause and any "first marketable product" provisions — drives whether those deductions are allowed and how they are calculated.
Closings on Washington 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.
Washington County sits in the Utica Shale, where operators are targeting marcellus / utica. Activity is led by names like Range Resources, EQT Corporation, CNX Resources, and new drilling continues to shape the play across the Marcellus and Utica formations.
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.
Washington County has steady development activity and we buy here regularly. If you own minerals in the county, we'd like to evaluate your tract.