WIRT AND SURROUNDING COUNTIES - WV
Minerals Acquisition Package
FAMILY - OWNED
OIL, GAS, COAL & HARD MINERALS
EXPLORATION AND DEVELOPMENT
MARCELLUS AND UTICA SHALE
The discovery of the Marcellus and Utica Shale in southern New York, Pennsylvania, West Virginia and eastern Ohio has many natural gas spectators scrambling to obtain gas leases and pipeline right of ways.
The designated area represents the Marcellus, coming closer to the surface in eastern Ohio. (Source for Marcellus and Utica outlines: energy Information Administration.)
Drilling companies have been competing for mineral leases throughout the Marcellus, Utica, and Rogersville Shale Plays. The owners of mineral rights within these plays have been approached to sell or lease those rights with leases and purchase agreements that look attractive, but may be filled with legal jargon that can limit your decision making.
LMMA can be your ally during this process. Our company partners with the property and mineral rights owners to negotiate the best possible agreement with drilling, pipeline, other natural resource companies, and mineral interest purchasers.
With the talk of the Rogersville Shale in southern West Virginia, Eastern Kentucky and Northwestern Virginia, Mineral and surface owners could see a great many oil and gas speculators scrambling to obtain gas leases and/or pipeline right of ways for exploratory drilling.
The designated area represents the Rogersville Shale covering portions of Southern West Virginia, Eastern Kentucky, Northwestern Virginia, as well as a portion of Tennessee. (Source for Marcellus and Utica outlines: energy Information Administration.)
TIMBER AND MINERAL INVESTMENT OPPORTUNITY
Mingo County WV and Pike County KY
Coal, Oil & Gas, & Timber (Plus Surface)
Recoverable Coal = 3,781,300 tons
Future Gas Production = 1,148,000 MCF Merchantable Timber = 6,259,000 Board Feet.
Coal = 2,674 Acres (All Seams) Oil & Gas = 37 Wells Timber, Surface, & Water Rights = 3, 542
98 Acres On Former Williamson Mingo County Airport with six Surface Usage Contracts (Leases) available.
Existing Income Sources*
Coal = $4,955.00
Natural Gas Royalty 2018 = $65,547.00
Timber = None Generated
Surface Uses = $26,115.00
WIRT and SURROUNDING COUNTIES
OIL, GAS, COAL and HARD MINERALS
EXPLORATION AND DEVELOPMENT
The owners of a unique large family-owned mineral estate package are offering their entire mineral holdings of approximately 273 tracts and royalty interests in 95 shallow oil and gas wells.
The subject properties, held by a one family for many decades, are situated primarily in eastern Wirt County, West Virginia, on and around the prominent Burning
Springs Anticline where America's first oil wells were drilled in the early 1830's. The area's initial wells were shallow and produced prolific volumes of crude oil during the 1800s. Subsequent deeper drilling yielded large volume producing wells from deeper zones, many of which penetrated oil bearing natural fractures on the flanks of the anticline. The region is still producing oil and natural gas from wells drilled during the middle 1900s, including from middle age Devonian Shales. Although horizontal drilling in recent years has resulted in thousands of outstanding Devonian age Marcellus Shale wells located in counties north of the subject properties, Wirt County has yet to be explored using horizontal drilling techniques.
The subject mineral rights will provide an exploration company a variety of attractive geological targets from the very shallow to those near the basin's basement some 20,000 feet deep. Within the total vertical geological column exist numerous proven shallow oil and gas bearing zones as well a number of potential hydrocarbon bearing zones.
Fortunately, the subject properties are ideal for companies seeking unencumbered potential drilling sites for long term oil and gas exploration and development. The subject properties will provide numerous subsurface targets, both proven and untested, as well as a wide choice of geographical prospects. The existence of the Marcellus and Utica Shales in Wirt County will present horizontal drilling opportunities not before possible, including shallower oil-bearing sandstones.
Shallow drilling opportunities (less than approximately 5,000 feet) include in-fill oil well drilling into the Devonian Shales on unleased tracts adjacent to existing successful economical producers drilled during the 1980s. Those wells produced crude oil from the anticline's natural fractures system. Other crude oil production opportunities may exist in shallower formations that most companies bypassed largely untested and uncompleted as a result of higher gas prices available from Devonian shales during the years of federal price controls.
Deeper exploratory drilling opportunities also exist in geologic formations below the Devonian Shales at depths greater than approximately 5,000 feet. Included are the highly productive and high BTU hydrocarbon rich gas and condensate bearing Marcellus and Utica Shale fields present just north of the subject properties. Other known shales and sandstones strata, believed to have hydrocarbon potential, exist at depths below the historically productive Devonian shales which could prove very attractive, including the Oriskany sandstone and the Rogersville Shale.
In summary, the subject properties represent a rare and large group of mineral holdings having substantial exploration potential of untapped riches for both near and long-term asset holding and development.
In addition to the attractive geological setting of the properties, the area's rich oil and gas history, and the large number of available development tracts, a purchaser will gain the following collateral bonuses.
Not the least of these are rich high BTU gas potential, access to a new 36-inch high pressure natural gas pipeline with dual pipeline rights which crosses many of the tracts, a proposed new large natural gas fed methanol generation plant located in a neighboring county, access to a nearby modern freeway and river transportation, the major Rome Trough geological feature, and support of a progressive business-friendly state government. West Virginia is teeming with unrivaled natural beauty and outdoor adventures.
Large 14,000 Acres Package Existing Royalty Income From 95 Wells 273 Separate Commonly Owned Tracts
Simple (Two Persons) Ownership Largely Unexplored & Untested Proven Shallow Oil & Gas Reserves Horizontal Drilling - Shallow and Deep Multiple Shallow and Deep Strata
Marcellus and Utica Shale Potential Proximity to Regional Liquids Processing Plants and Markets
20,000 Feet of Sedimentary Rocks To Basement
Aggressive Regional Petrochemical Development Business Leaders
Situated Within One of the World's Largest Known Geological Natural Gas Deposits (Marcellus and Utica Shales)
Immediate and Long-Term Substantial Revenue Development Opportunities
Uncrowded Location with Numerous
First Class Nearby Outdoor Recreational Activities and Cultural Opportunities
"WEST VIRGINIA - ALMOST HEAVEN''