Verde Bio Holdings Buys More Utica Royalties in Belmont County, OH

Over the years we’ve covered a number of stories about companies buying future royalty payments from landowners (and rights owners) for an upfront, one lump sum payment now. Back in May, we told you about a relative newcomer to our region doing this, Verde Bio Holdings (see Verde Bio Holdings Buys Marcellus/Utica Royalties in WV & OH). Normally the companies making these announcements don’t disclose how much money changed hands for those upfront payments, but Verde Bio does. The company announced Tuesday it has made yet another purchase in the M-U, this time in Belmont County, OH, buying the royalty payments and mineral rights from an Ohio landowner for $175,000.

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