Ohio Valley Energy

What Ohio Valley Energy does

Ohio Valley Energy is a privately held oil and gas exploration and development company headquartered in Austintown, Ohio, founded in 1986. The company develops oil and gas wells in both rural and urban areas across Ohio and Pennsylvania, currently owning and operating more than 250 wells and holding interests in an additional 350 wells. Its management team has collectively been involved in the development of over 1,000 wells, and VP of Operations Richard A. Liddle has personally been involved in the day-to-day operation of more than 3,000 wells across multiple U.S. states since 1987.

The company offers two integrated offerings: oil and gas well development services (the core drilling and operations business) and a Landowner Revenue Program that distributes royalty payments and signing bonuses to participating property owners. For site selection, Ohio Valley Energy uses current digital data from county government offices, including parcel layers, topographic layers, and other geographic data, to identify well sites. It has no publicly disclosed patents, AI/ML capabilities, technology partnerships, or product launches beyond its core well development activity.

Revenue is generated primarily from the sale of oil and gas produced from owned and operated wells, with royalties proportionally distributed to landowners based on the percentage of land each owns within a drilling unit. Royalty checks are issued annually, semi-annually, or quarterly depending on property ownership; signing bonuses are one-time payments determined by projected well revenue and the number of property owners in the unit. The company operates a direct-to-landowner go-to-market model with two primary customer segments: rural landowners monetizing mineral rights and urban/suburban property owners who collectively share in well profits within pooled drilling units. Acquisition channels are limited to direct outreach and word-of-mouth referrals, with no formal sales, marketing, or distribution infrastructure.

Name

Ohio Valley Energy

Legal name

Ohio Valley Energy

Website

https://ov-energy.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

11–50 employees

Short description

Ohio Valley Energy is a privately held oil and gas exploration and development company that owns, operates, and develops wells across Ohio and Pennsylvania, distributing royalty payments and signing bonuses to participating rural and urban landowners.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Oil and Gas Extraction (2111), Drilling Oil and Gas Wells (213111), Natural Gas Extraction (211130)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industries

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC)

Keywords

• Oil and gas exploration
• Well development services
• Landowner royalty programs
• Mineral rights leasing
• Upstream oil production

Headquarters

HQ city

Youngstown

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Others

Revenue model

1. Oil and Gas Production Revenue: Revenue generated from the sale of oil and gas extracted from owned and operated wells. Royalties are divided proportionally among landowners based on the percentage of land each owns within the unit.
2. Landowner Royalty Payments: Ongoing royalty payments to landowners from well production. Checks distributed annually, semi-annually, or quarterly based on property ownership.
3. Signing Bonuses: One-time signing bonuses paid to landowners upon execution of drilling agreements. Depends on projected revenue from the well and number of property owners involved.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ohio Valley Energy develops oil and gas wells in rural and urban areas across Ohio and Pennsylvania, owning and operating more than 250 wells while holding interests in an additional 350 wells. The company partners with landowners by leasing their mineral rights, executing drilling agreements that include one-time signing bonuses, and distributing ongoing royalty payments proportional to each owner's share of land within a drilling unit.

Product overview

Ohio Valley Energy operates as an oil and gas exploration and development company offering two integrated services: Oil and Gas Well Development Services (the core business of drilling and operating wells across Ohio and Pennsylvania) and the Landowner Revenue Program (which distributes royalty payments and signing bonuses to property owners who participate in drilling units). The company has been in operation since 1986 and manages over 600 wells total.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Well Development Services End-to-end development of oil and gas wells in rural and urban areas of Ohio and Pennsylvania, including site selection using county parcel and topographic data, drilling, and ongoing operations. The company owns and operates more than 250 wells and holds interests in an additional 350 wells.
• Landowner Revenue Program Revenue-sharing program that compensates property owners who lease their mineral rights to Ohio Valley Energy through (1) one-time signing bonuses paid upon execution of a drilling agreement, and (2) ongoing royalty payments distributed annually, semi-annually, or quarterly, proportional to each landowner's percentage ownership within the drilling unit.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• PennEnergy Resources: Pennsylvania-based E&P producing from conventional and unconventional formations in the Appalachian basin. Comparable as a smaller, regionally focused operator with landowner-relationship emphasis.
• Range Resources: Public independent E&P focused on the Marcellus shale in Pennsylvania. Comparable as a Pennsylvania-based upstream operator with similar conventional/unconventional mix and landowner engagement model.
• Antero Resources: Public independent E&P focused on the Marcellus and Utica shales in West Virginia and Ohio. Comparable as an Appalachian basin operator with overlapping Ohio footprint.
• Hilcorp Energy: Large private E&P focused on acquiring and operating mature conventional and unconventional wells, often with direct landowner partnerships. Comparable as a privately held operator with deep landowner engagement expertise.
• Encino Energy: Private Utica/Point Pleasant shale operator headquartered in Ohio. Comparable as an Ohio-concentrated upstream producer pursuing development with landowner relationships, similar to OVE's community-focused model.
• CNX Resources: Public independent E&P operating in the Appalachian basin (Pennsylvania and West Virginia). Comparable as a regional upstream operator with significant Pennsylvania acreage.
• Gulfport Energy: Public E&P operator focused on the Utica shale in eastern Ohio with significant Ohio production. Directly comparable as an Ohio-focused upstream oil and gas producer, though at substantially larger scale.
• Ascent Resources: Private Utica shale operator in Ohio and West Virginia. Comparable as a regionally focused Appalachian E&P pursuing both rural and suburban landowner agreements.

Broad incumbents

• Expand Energy (formerly Chesapeake Energy): Major US natural gas producer with significant Marcellus and Utica operations in Pennsylvania and Ohio. Comparable as a large-scale Appalachian upstream operator but with a much broader and more diversified portfolio.
• EQT Corporation: Largest natural gas producer in the United States with dominant operations across the Appalachian basin in Pennsylvania and West Virginia. Comparable as an upstream Appalachian operator but at materially greater scale and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ohio-valley-energy-systems

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ohio Valley Energy