West Virginia· County Detail
Prefer to talk? Call (432) 400-4602
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 West Virginia; well counts and operator activity are the closest proxy for ongoing production.
| Operator | Parent | Ticker | HQ |
|---|---|---|---|
| EQT Corporation | — | Private | — |
| CNX Resources | — | Private | — |
| Tug Hill Operating | — | Private | — |
Public-company tickers link to investor relations. Private operators are marked as such and do not carry a ticker.
Recent permit activity: 49 new drilling permits in the last 24 months.
We also buy overriding royalty interests (ORRIs) and non-participating royalty interests (NPRIs) in Marshall County — common for tracts under leases held by major operators with carried-out royalty structures.
Yes. Marshall 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 Marshall County include EQT Corporation, CNX Resources, Tug Hill Operating. We regularly buy interests held under leases with these operators.
Marshall County sits in the Utica Shale, where the primary target is marcellus / utica. Here we underwrite the Marcellus and Utica formations.
Yes — 49 new drilling permits were filed in Marshall 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.
Marshall County, along with Wetzel and Tyler counties, is in the West Virginia wet-gas window where condensate and NGL yields meaningfully lift realizations above dry-gas pricing. Both the Marcellus and Utica are economic targets here, often developed in stacked-pay programs. We value Marshall County interests against actual recent realizations from the unit (which capture the wet-gas uplift) rather than a generic dry-gas Henry Hub price.
West Virginia's cotenancy statute allows a supermajority of mineral owners on a tract to authorize development over the objection of a minority cotenant, with specific notice and opportunity-to-lease procedures. This shifted the negotiating dynamic for non-consenting owners — refusing to lease no longer reliably blocks development. For prospective sellers, the practical effect is that even tracts with one or two holdouts can move forward, and our underwriting reflects whether and how the cotenancy procedure has been used on the unit.
West Virginia royalty deduction practice has been the subject of multiple court cases (Tawney, Estate of Tawney, Leggett, Wellman). The short version: whether processing, gathering, and transportation costs can be charged against your royalty depends on the specific lease language and how courts have interpreted similar wording. A modern lease with explicit post-production cost language is treated differently than an old lease with generic royalty provisions. We always read the actual lease and recent check stubs before pricing a Marshall County interest.
Closings on Marshall 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.
Marshall County sits in the Utica Shale, where operators are targeting marcellus / utica. Activity is led by names like EQT Corporation, CNX Resources, Tug Hill Operating, 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.
Marshall County has steady development activity and we buy here regularly. If you own minerals in the county, we'd like to evaluate your tract.