Located in the Appalachian Basin, the Marcellus Shale is one of the biggest natural gas plays in the world. Production in this region is pulled from a fine-grained sedimentary rock dating back to the Devonian age. Roughly twenty five percent of all Marcellus Shale rigs now operate within West Virginia. The Northwest corner of West Virginia proves to be the heart of natural gas production in the counties of Wetzel, Harrison, Doddridge, Ritchie, Lewis, Tyler, and Marion.
This play has come a long way since first being drilled for natural gas in 2007. Back then, the Marcellus Shale was pumping roughly 1 billion cubic feet of natural gas a day when compared to roughly 15 billion cubic feet a day in 2016. Antero Resources is largest operator within the counties of Doddridge, Tyler and Harrison. Antero drills roughly 100-plus horizontal Marcellus Shale wells a year in West Virginia. Other prominent operators within the state include Consol Energy, EQT Corporation, Hope Natural Gas Co., and Southwestern Energy since they paid $5.3 billion to Chesapeake and Statoil for 443,000 acres in Northwest West Virginia recently.
Since discovering this natural gas monster in 2007, the United States natural gas production has exceeded 25 trillion cubic feet per year. Thus, making us the world’s leading natural gas producer.
If you are looking to sell your mineral rights in West Virginia, Royalty Clearinghouse has ample experience evaluating mineral owner’s properties within the state. Some of the counties we focus on are listed below. Give us a call today if you would like an evaluation on your mineral rights in West Virginia.