Things haven't changed a whole lot in Ritchie County lately, but there hasn't been much on this message board in a long time, either. So a quick update is probably in order. Antero and EQT are still working some here, but they haven't been taking a lot of leases lately. They've both focused on Marshall and Wetzel more lately. A reasonable lease price would be in the $3000-$4000/acre and 18% gross, though. Interestingly, we've been able to get gross proceeds for some of our clients out of EQT a little bit lately. Push them for that. Good luck, and let me know if you can do better than I have!
I heard recently that Antero and EQT seem to have given up on any new drilling and leasing in Ritchie and are focusing on Wetzel and somewhat Tyler. However I also heard that HG might be getting more active in Grant district.
I think there's still some work going on in Ritchie County, but it's slowed down a whole lot. EQT has been reorganizing lately, and I haven't seen a new lease come through from them in probably a month, from anywhere. From Ritchie, I'm having a hard time remembering when the last new lease came across my desk. I think you're right that they aren't working so hard in Ritchie any more. They've definitely been working Marshall and Marion as well as the counties you mentioned.
Kyle Nuttall
Things haven't changed a whole lot in Ritchie County lately, but there hasn't been much on this message board in a long time, either. So a quick update is probably in order. Antero and EQT are still working some here, but they haven't been taking a lot of leases lately. They've both focused on Marshall and Wetzel more lately. A reasonable lease price would be in the $3000-$4000/acre and 18% gross, though. Interestingly, we've been able to get gross proceeds for some of our clients out of EQT a little bit lately. Push them for that. Good luck, and let me know if you can do better than I have!
Jun 4, 2018
Nancy Mosley
I heard recently that Antero and EQT seem to have given up on any new drilling and leasing in Ritchie and are focusing on Wetzel and somewhat Tyler. However I also heard that HG might be getting more active in Grant district.
Anybody know about this, or anything else?
Oct 11, 2019
Kyle Nuttall
I think there's still some work going on in Ritchie County, but it's slowed down a whole lot. EQT has been reorganizing lately, and I haven't seen a new lease come through from them in probably a month, from anywhere. From Ritchie, I'm having a hard time remembering when the last new lease came across my desk. I think you're right that they aren't working so hard in Ritchie any more. They've definitely been working Marshall and Marion as well as the counties you mentioned.
Nov 4, 2019