West Virginia· County Detail
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By Brad James, Founder · Production data through Dec 2024
Production data through Dec 2024
as of Dec 2024
as of Dec 2024
as of Dec 2024
as of Dec 2024
as of Dec 2024
Over the twelve most recent reported months, Marshall County wells produced about 3.1 million barrels of oil and 496.2 million Mcf of gas — an average of 8,361 barrels and 1,355,844 Mcf per day. That output comes from roughly 1,403 active wells, with 49 permitted locations on file. Monthly volumes have held in a steady band over the past year. Operators filed 49 drilling permits in the county over the trailing 24 months.
3,060,256 barrels of oil, Jan 2024 → Dec 2024
496,238,725 Mcf of natural gas, Jan 2024 → Dec 2024
Rates shown as barrels of oil per day and Mcf of natural gas per day, computed from monthly totals reported to WV DEP. Jan 2023 through Dec 2024. Download CSV · See methodology · All county data.
| Month | Oil (Bbl) | Gas (Mcf) |
|---|---|---|
| Jan 2023 | 494,182 | 47,724,673 |
| Feb 2023 | 508,497 | 42,623,973 |
| Mar 2023 | 561,351 | 46,351,993 |
| Apr 2023 | 491,772 | 43,254,488 |
| May 2023 | 453,936 | 44,786,824 |
| Jun 2023 | 492,786 | 44,601,550 |
| Jul 2023 | 441,605 | 48,181,256 |
| Aug 2023 | 460,492 | 49,084,836 |
| Sep 2023 | 388,236 | 47,301,132 |
| Oct 2023 | 360,372 | 46,733,473 |
| Nov 2023 | 322,263 | 44,098,591 |
| Dec 2023 | 314,680 | 43,697,060 |
| Jan 2024 | 286,052 | 42,239,924 |
| Feb 2024 | 224,675 | 38,270,121 |
| Mar 2024 | 225,048 | 40,122,279 |
| Apr 2024 | 309,953 | 44,281,725 |
| May 2024 | 236,513 | 42,041,279 |
| Jun 2024 | 238,027 | 40,504,969 |
| Jul 2024 | 264,644 | 42,092,080 |
| Aug 2024 | 236,775 | 38,199,345 |
| Sep 2024 | 224,033 | 40,658,895 |
| Oct 2024 | 281,892 | 42,752,400 |
| Nov 2024 | 272,828 | 42,379,967 |
| Dec 2024 | 259,816 | 42,695,741 |
| 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.
Yes. Marshall County is one of our top-tier acquisition areas. We can usually turn an offer around in 48 hours and we will compete on price for tracts inside the active development area.
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 is one of our highest-priority acquisition areas. Top-tier operators are running active drilling programs here and we're making offers on both producing and non-producing tracts.
Monthly production has held within a normal band over the last year, suggesting steady development without a recent completion wave.