Shenandoah Energy launches first of its kind West Virginia, Non-Operated lease buying campaign
- New non-operated lease acquisition program targets 12 northwest WV counties within the heart of the Marcellus shale.
- First of its kind program for West Virginia that due to recent regulatory changes give mineral owners a choice in who and how they lease their mineral rights.
- SEP has streamlined the review and offer process with mineral owners and is consistently exceeding competing lease offers.
- Non-operated lease acquisition campaign compliments SEP 30,000+ acres controlled by future operations in Harrison County, WV.
Denver, CO – December 19, 2022. Shenandoah Energy partners, (“SEP) is proud to announce the launch of a first of its kind for a West Virginia non-operated (“non-op”) lease acquisition program. The program which is designed to compete for oil and gas leases with regional operators, injects competition into the market and gives mineral owners better lease terms. This SEP program is driven in part by oil and gas regulatory changes in the state from the first half of 2022.
The program initially targets 12 northwest counties of Wetzel, Tyler, Marion, Harrison, Doddridge, Ritchie, Pleasants, Marshall, Ohio, Brooke, Hancock, and Monongalia. To implement the acquisition program SEP has streamlined its review processes and is expected to be able to issue firm lease offers within 2-3 days of an owner contacting the Company.
Shenandoah Energy Partners is an emerging natural gas producer in the Appalachian Basin. Privately owned and operated, the company is headquartered out of Denver, CO, and Morgantown, WV. The company’s main assets in the Appalachian basin are its 30,000+ acre operated position in Harrison County WV.