Ohio · Utica Shale · Dry Gas Core

Sell Mineral Rights
in Monroe County,
Ohio.

Monroe County sits in the heart of the dry gas Utica, where some of the most productive gas wells in the eastern United States have been drilled. If you own minerals here, you probably have questions. We are happy to help you sort them out.

~7,000ft
Utica Depth
typical TVD
10,000ft+
Lateral Length
modern wells
Dry Gas
Hydrocarbon Window
low BTU shrink
640ac
Common Unit Size
often larger
3+
Major Operators
active in county
01 The Basin

Quiet country, loud rock
underneath.

Monroe County is one of the least populated counties in Ohio. The hills roll down to the Ohio River, the towns are small, and most of the land is forest and farm. From the surface you would never guess what is underneath it.

About a mile and a half down, beneath the sandstones and limestones of the Appalachian Plateau, sits the Utica Shale and the Point Pleasant formation directly below it. Together they form one of the most productive natural gas systems in the United States. Monroe County, along with Belmont, Jefferson, and Harrison counties to the north, sits in what the industry calls the dry gas core of the Utica.

If you are reading this, you probably own a piece of that. Maybe it came through a will, a letter showed up in the mail, or you have been receiving royalty checks for a while and want to understand what they really represent. This page is for you.

Monroe County is dry gas country. The wells here do not produce much oil, but they produce gas at rates that rival any onshore field in North America.

The short answer to the question everyone asks first is usually yes, your minerals have real value. The longer answer depends on where in Monroe County you own, your lease terms, the operator, and the activity nearby. We walk through all of it below.

Starting point

Have minerals in Monroe County? Send us what you have and we will take a look.

Send Us the Details →
02 The Rock

Two formations, drilled
as one system.

In Monroe County, the Utica Shale and the Point Pleasant directly below it are usually treated as a single drilling target. Most modern horizontal wells land in the Point Pleasant and complete upward into the lower Utica. For a mineral owner, the practical effect is that one well typically captures both rock units.

Point Pleasantprimary landing zone

The Point Pleasant is an organic rich, calcareous interval that sits directly beneath the Utica Shale proper. In Monroe County and surrounding dry gas counties, this is where most operators land their horizontal laterals. The rock has the right combination of total organic carbon, brittleness, and pressure to deliver strong initial gas rates and long, gradual decline curves.

Wells targeting the Point Pleasant in Monroe County have produced some of the highest initial production rates in the entire Utica play. Many were public news when they were brought online during the early development era.

Depth Range
7,000 to 8,500 ft
Type
Organic carbonate
Typical Lateral
8,000 to 12,000 ft
Primary Phase
Dry natural gas
Utica Shaleoverlying source

The Utica Shale sits directly above the Point Pleasant and gives the play its name. It is a dark, organic rich shale of Late Ordovician age. In Monroe County, the lower portion of the Utica is typically swept by completions that land in the Point Pleasant, so a single horizontal well effectively drains both intervals.

Some operators have tested standalone Utica completions higher in the section, but the dominant development pattern in Monroe County remains the Point Pleasant landing.

Depth Range
6,800 to 8,200 ft
Type
Organic shale
Age
Late Ordovician
Phase
Dry gas in Monroe
Marcellusshallower, secondary

The Marcellus Shale is the famous Appalachian gas play to the east, and it does extend westward into eastern Ohio. In Monroe County, the Marcellus is shallower and thinner than it is in West Virginia and Pennsylvania, and it has seen far less development than the Utica and Point Pleasant.

Some leases in Monroe County include Marcellus rights, and a small number of wells have targeted the formation. For most owners here, the Utica and Point Pleasant are where the value sits, but Marcellus optionality is worth knowing about.

Depth Range
5,500 to 6,500 ft
Type
Black shale
Activity
Limited in county
Status
Secondary target
03 The Operators

Who is drilling on your
Monroe County minerals.

The operator matters. A top tier operator with capital discipline and a deep development queue turns your mineral interest into reliable royalty income for decades. An undercapitalized operator can tie up your acreage for years without producing a unit of gas. Here is who is doing what in Monroe County right now.

i.
Ascent Resources
Ascent is one of the largest natural gas producers in the United States and the dominant operator across the dry gas Utica core, including Monroe County. They run a steady multi rig program, develop acreage in long laterals from large pads, and have built a meaningful infrastructure footprint across Belmont, Monroe, and adjacent counties.
Utica core leader
~340K Net Acres
ii.
EAP Ohio (Encino)
EAP Ohio is the operating arm of Encino Acquisition Partners, which acquired the Chesapeake Energy Ohio Utica position in 2018. EAP holds substantial acreage across the dry gas and wet gas windows of eastern Ohio, including significant operations in and around Monroe County. They run a methodical development program.
Chesapeake legacy
~900K Net Acres OH
iii.
Gulfport Energy
Gulfport has been an Ohio Utica operator since the early years of the play and holds a meaningful position in the dry gas core including parts of Monroe County. After restructuring in the early 2020s, the company has focused on disciplined development of its core Utica inventory.
Long time Utica operator
~200K Net Acres
iv.
EQT Corporation
EQT is the largest natural gas producer in the United States and a major Appalachian operator. While EQT's core operations are in the Marcellus to the east, the company holds Ohio Utica acreage and selectively develops it. Production from EQT operated wells appears on royalty statements for some Monroe County owners.
Appalachian major
Selective Activity
v.
Smaller Independents & Legacy Holders
A handful of smaller operators and non operating interest holders are present across Monroe County, sometimes as legacy lessees from the early Utica leasing rush of 2010 to 2014. Some leases changed hands multiple times. If your royalty statement references an unfamiliar name, that is often the explanation.
Legacy positions
Varies By Operator
See a familiar name?

We know how these operators develop in Monroe County. Happy to give you context on yours.

Ask About Your Operator →
04 The Geography

Not all Monroe County
minerals are built the same.

Monroe County is small relative to many oil and gas counties, but where your interest sits inside it still matters. Proximity to existing pads, unit configuration, and access to gathering infrastructure all influence value. Here are the sub areas we track.

Western Monroe
Sunsbury ·
Center Twp
Western Monroe sits closest to the heart of dry gas core development that runs through Belmont County to the north. Operator interest is strongest here, with multiple pad locations developed and more in the inventory queue. Mineral interests in western Monroe tend to command premium valuations.
Activity: Highest Development: Mature
Northern Monroe
Adams · Salem
Townships
Northern Monroe blends into the Belmont County development corridor. This is core dry gas Utica with strong rock properties and active operator programs. Pad locations are dense and many tracts have been integrated into producing units.
Activity: High Development: Active
Central Monroe
Around
Woodsfield
The central part of the county around the county seat at Woodsfield contains a mix of leased and producing acreage. Development cadence has been steady. Mineral interests here are generally well leased and many participate in producing units.
Activity: Moderate Development: Steady
Eastern Monroe
Ohio River
corridor
Eastern Monroe runs along the Ohio River and the West Virginia border. The corridor is geologically strong and there has been notable development activity, though river adjacency and topography create some surface complexity. Gathering infrastructure is reasonably built out.
Activity: Moderate Development: Selective
Southern Monroe
Toward Washington
County line
Southern Monroe trends toward the wet gas window as it approaches Washington County. Development is lighter than in the dry gas core, and the rock properties begin to shift. Mineral values can still be meaningful, though the pace of activity is more measured.
Activity: Lighter Development: Emerging
Long Held Family Tracts
Countywide
Across Monroe County, many mineral interests are held by families who have owned the surface or minerals for multiple generations. These positions often carry questions about Dormant Mineral Act status, lease history, and heir percentages. They also frequently turn out to have real value once the chain is sorted out.
Activity: Varies Development: Case by case
05 Your Valuation

What your Monroe County
mineral rights are worth.

There is no universal formula. Valuation is a function of current production, future development, operator quality, lease terms, and natural gas price outlook. What follows are the four scenarios we see most often for Monroe County mineral owners, along with the specific factors that shape value in each.

01
Producing Minerals with Active Royalty Income
Valued on a cash flow multiple
If your Monroe County minerals are actively producing and you are receiving monthly royalty checks, valuation typically starts with the trailing twelve months of royalty income. A buyer applies a multiple based on expected remaining reserves, decline curves, and natural gas price outlook.
What shapes the number: well vintage and remaining productive life, your royalty rate, gas price outlook (Henry Hub and basin differential), remaining drilling locations in the unit, and whether your lease permits post production cost deductions.
02
Unleased Minerals in an Active Development Area
Valued on future potential
Unleased minerals in Monroe County are valued on expected development timing and future royalty potential. A buyer looks at nearby permit filings, operator acreage positions, and unit formation. Unleased minerals often carry significant optionality because a buyer can negotiate the lease terms themselves.
What shapes the number: nearby permit and unitization activity, operator acreage position, rock quality beneath your specific tract, proximity to active drilling, and comparable lease terms recently signed in the area.
03
Small Fractional Interests & Inherited Positions
Often overlooked, often worth more than expected
Many Monroe County mineral owners hold small fractional interests inherited across generations. These positions often get ignored by larger buyers because they are too much work for the ticket size. We pay them the same attention as larger interests and we are comfortable doing the research on fractional chains that cross multiple heirs.
What shapes the number: net mineral acre count, royalty rate if leased, producing status of the underlying wells, operator quality, and Dormant Mineral Act status. Small interests are not small value, especially on producing tracts in the dry gas core.
04
Leased but Not Yet Producing
Valued on lease terms and proximity to activity
If your Monroe County minerals are leased but not yet producing, value depends on the lease terms (royalty rate, primary term expiration, Pugh clause, deduction language), the operator holding the lease, and how close active drilling has moved toward your acreage. A lease held by a top operator with nearby permits is worth materially more than one held by a passive leaseholder.
What shapes the number: your royalty rate, primary term expiration, Pugh clause and post production cost language, the specific operator holding the lease, and how close active drilling has moved toward your tract.
Your specific situation

We would rather look at real facts than speak in generalities. Send us what you have.

Request an Analysis →
06 The Regulatory Landscape

Ohio has its own
set of rules.

Monroe County mineral values cannot be separated from the Ohio regulatory environment. Ohio handles oil and gas through the Department of Natural Resources, has a specific statute for compulsory unitization, and has its own Dormant Mineral Act that has generated substantial litigation across the eastern part of the state.

ODNR and the Division of Oil and Gas Resources Management

Ohio oil and gas is regulated by the Department of Natural Resources, specifically the Division of Oil and Gas Resources Management (DOGRM). DOGRM handles permit issuance, well construction standards, production reporting, and unitization orders. Production data and permit filings are publicly available, which is generally where we start when researching activity in a given Monroe County tract.

Unitization under Section 1509.28

Ohio law allows operators to apply for compulsory unitization under Ohio Revised Code Section 1509.28. If an operator can show that unitization is reasonably necessary to recover oil and gas and that a substantial majority of the working interest in the proposed unit has agreed to it, the Chief of DOGRM can include nonconsenting tracts in the unit. This is the mechanism by which mineral owners who never signed a lease can end up participating in producing units, generally on terms set by the order.

If you have received notice of a 1509.28 application, the practical question is usually whether to negotiate a voluntary lease before the hearing or accept the order's terms. Most owners benefit from getting eyes on the application early.

The Ohio Dormant Mineral Act

Ohio's Dormant Mineral Act allows the surface owner to reclaim severed mineral rights that have not seen any qualifying activity (production, lease recording, or other listed savings events) for twenty years. The statute has been heavily litigated, and the Ohio Supreme Court has issued several decisions on how the act applies to pre 2006 versus post 2006 abandonment claims.

For an inheritor of mineral rights, the takeaway is straightforward. If your minerals have been quiet for a long time, it is worth confirming current status before assuming you still own them. If you have received a notice of intent to declare your minerals abandoned, respond promptly. We can help you think through where things stand, and we work with attorneys regularly on these questions.

Post production costs and deductions

Ohio is a state where post production cost deductions are common, depending on lease language. The phrase to look for in your lease is whether royalty is paid on gross proceeds or on net proceeds at the well, and whether gathering, processing, transportation, and compression costs are deductible. This single issue can meaningfully change the value of your royalty stream.

07 Questions We Hear Often

The real questions
mineral owners ask.

We have been through these conversations hundreds of times. Below are the honest answers to the things people actually want to know.

01
How much are mineral rights worth in Monroe County, Ohio?
Values in Monroe County vary widely depending on where in the county you own, whether your minerals are leased or producing, who the operator is, and how much drilling activity is happening near your acreage. Two interests a few miles apart can have genuinely different values. The only way to know what your specific minerals are worth is to have someone look at the actual facts: your legal description, your lease status, what the operator is doing nearby, and what you are currently receiving in royalties if any. We are happy to do that for you, at no cost and with no obligation to sell.
02
Should I sell my Monroe County mineral rights now or hold them?
That depends on your situation. People who hold typically want long term royalty income, do not need cash for other priorities, and are comfortable with natural gas price volatility. People who sell typically want to convert future uncertain income into certain present value, simplify their estate, or use the capital for something else. Neither is wrong. Monroe County minerals are tied closely to dry gas pricing, which has its own cycle. We can help you think through the tradeoffs without pressure to pick a side.
03
I inherited mineral rights in Monroe County but I do not have any documents. What do I do?
You are not alone. This is probably the most common situation we see. Start by gathering anything you do have: old letters, tax statements, probate records, emails from operators. The Monroe County Recorder's office in Woodsfield keeps deed and lease records, and the county auditor's office tracks tax parcel information. We can often identify what someone owns with just a name and a rough idea of where the minerals are located, because Ohio mineral ownership is documented at the county level.
04
What is the difference between an offer to lease and an offer to buy my minerals?
Leasing gives an operator the right to develop your minerals for a period of time (typically three to five years). In exchange you receive a bonus payment per net mineral acre and a royalty percentage on any production. You still own the minerals. Buying transfers the ownership entirely, in exchange for a lump sum. After a sale, you no longer own the minerals and you receive no future royalties. Both have their place. Buying typically delivers more value up front, leasing preserves long term upside.
05
Can I sell mineral rights I inherited if other family members inherited the same minerals?
Yes, you can sell your undivided fractional interest without needing the other heirs to participate. This is extremely common in Monroe County, where many mineral interests have been passed down through farming families across three or four generations. Heirs often hold different percentages. A good buyer will work with your specific interest, not require you to round up cousins. We do this all the time.
06
What is Ohio's Dormant Mineral Act and how does it affect me?
Ohio has a Dormant Mineral Act that allows surface owners to reclaim severed mineral rights that have not seen any qualifying activity (production, lease recording, title transaction) for twenty years. This has been the source of significant litigation across eastern Ohio. If you are a mineral owner who has been quiet for a long time, recording a preservation notice or making sure there is recent qualifying activity is worth thinking about. If you have received a notice of intent to declare your minerals abandoned, that is a serious matter and you should respond promptly. We can talk through where things stand.
07
How does the sale process actually work?
Step one, we do the research. You send us what you have, we pull ODNR records, we check operator activity in the unit, and we build an analysis. Step two, we send you a written summary with our reasoning. Step three, if you want to proceed, we handle the mineral deed preparation, you sign at a notary, and funds are wired at close. We move on your timeline, whether that is quick or deliberate.
08
Do I need a lawyer to sell mineral rights in Monroe County?
You do not need one, but you are welcome to involve one. Mineral deed conveyances are relatively standard documents and reputable buyers use clear, arms length language. If the transaction is large or if your situation has complexity (trust ownership, multiple heirs, partial interests, Dormant Mineral Act questions), an Ohio oil and gas attorney can add real value. We are happy to work with your attorney if you have one, and we do not pressure anyone to skip legal review.
09
What are the tax implications of selling Monroe County mineral rights?
Mineral rights are typically considered real property. Sale proceeds are generally treated as a capital gain based on the difference between your basis and the sale price. Inherited minerals usually receive a stepped up basis to their fair market value at the date of death, which often significantly reduces the taxable gain when the heir sells. We are not tax advisors and every situation is different, so you should confirm with your CPA. We can provide documentation for your tax records as part of any transaction.
10
Why should I sell to Timberline Minerals specifically?
We are a family owned office with roots in Texas and Montana. We work across the primary US basins, including the Utica in eastern Ohio. We know Monroe County is dry gas core, we know the operators working here, and we know how Ohio handles unitization and the Dormant Mineral Act. We work with mineral interests of all sizes. Our process is straightforward: we research the tract, share what we find, and make an offer. The decision to sell is yours, and we are happy to help you understand what you have either way.

Find out what your
Monroe County minerals
are actually worth.

Send us what you have, or what you think you have. We will pull ODNR records, check operator activity in your area, and put together a plain-English summary with our reasoning laid out. If it makes sense to go further, we move on your timeline. If not, you have a free breakdown you can take anywhere.

Free · No Obligation · Your Timeline