Dual-rig Appalachian development flyover at dusk
Appalachian Basin · Live Platform

From molecules
to watts.

Two Six Alpha is a closely held energy investment and holding company — minerals and leasehold, water logistics, and power adjacency — anchored in the Utica and Marcellus.

Project Centum · Year One: six engines spanning upstream interests, unitization, water & logistics, proppant, midstream easements, and power-adjacent land — a 365-day plan to compound value from molecules to watts.

0
Year One value target · Project Centum
0
Integrated engines · 365-day plan
0
Upstream acre target · Year One
0
Ohio core counties · live
01
Oil & Gas
Utica core · Marcellus minerals
02
Water & Logistics
Intermodal · Ohio River midstream
03
Power & Datacenter
Gas → electrons → compute
Vertical · 01

Oil & Gas

Year One upstream focus: the liquids-rich Utica/Point Pleasant window across a six-county Ohio core — minerals, leasehold, and royalty interests assembled under Project Centum’s E1 engine, with Marcellus depth as the long-duration book.

Appalachian Basin midstream and river corridor
Vertical · 02 · Intermodal

Water & Logistics

Two Six Alpha Intermodal Terminal on the Ohio River — water, barge, and rail under one operating envelope for completion, industrial, and power-adjacent demand across the Marcellus / Utica fairway.

Vertical · 03

Power & Datacenter

Basin gas and contiguous partner land as feedstock for power and compute demand — the sixth Centum engine and the far end of the molecules-to-watts chain.

Six engines. Three hundred sixty-five days. Two hundred fifty million.

The operating plan behind the public thesis — from ownership of the molecules through water, sand, easements, and power-adjacent land. Day One: 3 August 2026. Day 365: 2 August 2027.

Mission clock
/ 365
Loading plan…
$250M
Year One value target
6
Engines · integrated chain
~10.3k
Upstream acre target
6
Gates · certify & compound
E1Contracted

Upstream Interests

$130M

Ownership of the molecules — minerals, leasehold, non-op WI, ORRI, upstream JV, and NPRI — in the liquids-rich Utica window. Six acquisition sleeves, each with its own pricing basis and cure cycle.

MineralsLeaseholdNon-op WIORRIJVNPRI
E2Contracted

Units & Unitization

$20M

Scattered acreage becomes a marketable position when it sits inside ordered units. Tract rosters, participation, and owner depth are the platform’s native edge.

E3Contracted

Water & Logistics

$45M

An information engine as much as a revenue engine. Controlling water and haulage buys advance knowledge of who is completing — and when — before public permits.

E4Finalizing

Proppant & In-Basin Sand

$20M

Modern completions consume sand the basin cannot source locally. An in-basin position converts a cost line into pricing leverage and forward completion visibility.

E5Finalizing

Midstream & Easements

$12M

The right of way that moves the molecules — corridor intelligence and easement agreements that make holding the path worth more than the acreage under it.

E6Optionality

Shugert Land & Data Center

$23M

Partnership with the basin’s largest contiguous landowner — contiguity that makes midstream defensible and power load physically sitable next to its fuel.

Gate 1 · D61
Mobilize & Found
$20M cumulative
Gate 2 · D122
Acquire & Integrate
$55M cumulative
Gate 3 · D182
Scale the Core
$104M · half year
Gate 4 · D243
Compound & Contract
$156M cumulative
Gate 5 · D304
Monetize
$205M cumulative
Gate 6 · D365
Certify & Compound
$250M · year end

Screening narrative only — not a securities offering or solicitation. Dollar figures are Year One plan targets across six engines, not AUM or contracted revenue. Engine status badges (contracted · finalizing · optionality) mark build state; they are not underwriting marks.

Utica six-county core · ODNR

Live
Horizontal wells
Six-county Utica core
Drilling / permitted
Active status window
Drilling units
ODNR unitization layer
6
Core counties
Harrison · Belmont · Carroll · Guernsey · Monroe · Tuscarawas
Harrison
View on map
Belmont
View on map
Carroll
View on map
Guernsey
View on map
Monroe
View on map
Tuscarawas
View on map

Recorder activity pulse

Loading…
Instruments · 7d
Leases
Deeds
Assignments
Counties active

Public snapshot of the six-county recorder monitor. Internal live scrape requires platform access.

Counts queried live from public Ohio DNR ArcGIS services. Screening view only — not a substitute for official ODNR records.

The Utica Shale Moment

Institutional capital is validating what TSA recognized early — Ohio’s Utica is a world-class, multi-decade development play.

$5.6B

EOG Resources

Acquired Encino Acquisition Partners, elevating the Utica alongside the Delaware Basin and Eagle Ford. Running 5 rigs and 3 completion crews in Ohio.

17+ Bcf/d

LNG Export Demand

U.S. LNG exports driving a structural demand super-cycle. 4–6% CAGR in U.S. gas demand expected through 2030, with data-center power as a second pull.

136 Mb/d

Ohio Crude Production

Ohio condensate up nearly 3× since 2022. Harrison County alone produced over 13 million barrels of oil in 2025 from Utica volatile oil window wells.

“The Utica absolutely has the opportunity to be a foundational play. If we continue to have the success that we expect, you can expect us to put more capital there.”
— Jeff Leitzell, COO, EOG Resources

The operating system behind every deal

Proprietary technology — not a slide deck. The same stack that drives Project Centum: live recorder monitoring across the six-county Ohio core, GIS & spatial intelligence, unitization depth, midstream water & logistics, in-house title, and unit economics.

Recorder Activity Monitor

Daily automated scrape of all 6 Ohio core counties. Operator counter-party intelligence and instrument flow in one feed.

Two Six Alpha Intermodal Terminal

Ohio River midstream flagship — water, barge, and rail under one envelope for completion and industrial volume (Centum E3).

Spatial Intelligence (GIS)

Authoritative ODNR + ArcGIS geometry first. Wells, units, laterals, pads, and operator footprints layered into one workbench.

CRM & Title Integration

Purpose-built deal management for mineral and leasehold acquisitions. In-house title and curative wired to the recorder feed.

Unitization Intelligence

Tract rosters, participation, and owner depth — the E2 edge that turns scattered acreage into marketable unit positions.

Live Operations Map

Interactive ODNR wells and drilling units across the Utica six-county core — open on Oil & Gas.

Latest signals

March 2026

EOG elevates Utica to top-tier status

EOG drilled 16 wells across six defined pads in Ohio in 2026, running primary rigs in Harrison and Guernsey counties.

February 2026

Oil production soars across Ohio’s Utica

Harrison County produced over 13 million barrels of oil in 2025. Carroll County added 12.3 million barrels from Utica wells.

March 2026

New ODNR unitization orders

Multiple new EOG unitization orders in Carroll County confirm aggressive development planning for 2026–2027.

Two Six Alpha

Build with us.

Building assets across the energy lifecycle — exploration and development, logistics and midstream, generation and consumption. Founder-led. Primarily self-funded. Selective long-term partners.

Oil & Gas

Utica core.
Marcellus depth.

Primary focus on Ohio’s volatile oil / liquids-rich Utica window, with established Marcellus mineral and royalty positions across Pennsylvania and West Virginia.

~10,000
Core mineral & leasehold acres
6
Ohio core counties
$300M+
Marcellus portfolio
$2.5–3.5k
Entry cost / acre (core)

ODNR metrics · six-county core

Live
Horizontal wells
SLANT = H · six counties
Drilling / permitted
Drilling · Permitted · Drilled
Drilling units
Unitization layer (ODNR)
6
Core counties
Live map below
Harrison
View on map
Belmont
View on map
Carroll
View on map
Guernsey
View on map
Monroe
View on map
Tuscarawas
View on map

Same public feeds power the interactive map. Horizontal well counts by county update with the live deck. Toggle drilling units in the map legend.

A six-county window in the highest-quality rock of the play

Two Six Alpha has assembled approximately 10,000 acres of mineral and leasehold in the volatile oil / liquids-rich window of the Utica/Point Pleasant — spanning Harrison, Belmont, Carroll, Guernsey, Monroe, and Tuscarawas. In partnership with landowners, approximately 42,000 acres across Southeast Ohio and Northwest West Virginia.

The Bardall/Owens prospect anchors the portfolio at 3,099 gross acres across 26+ lessors, complemented by Cyrus/Freeport and a robust top-lease pipeline. Entry costs of $2,500–$3,500/acre compare to modeled NPV10 of $12,321/acre on offset type-curve economics — a compelling risk-adjusted entry versus IPO-implied valuations in the basin.

Validated by step-change well performance from offset operators including EOG Resources, Infinity NR, and Ascent Resources — combining advanced geological targeting with modern completions.

Wells, units, and prospects

Horizontal wells and drilling units in the Utica six-county core — live from Ohio DNR / ArcGIS. Prospect footprints approximate.

Drilling / newly permitted Producing horizontal Drilling units TSA prospect (approx.)

Live well & drilling-unit data: Ohio DNR — Harrison · Belmont · Carroll · Guernsey · Monroe · Tuscarawas. PA & WV Marcellus not shown.

Where we operate

Harrison, OH

Primary Utica leasehold anchor. Bardall/Owens: 3,099 gross acres across 26+ lessors. EOG produced 13M+ bbls oil in county in 2025.

Belmont, OH

Dry-gas / wet-gas corridor along the Ohio River. Active EOG, Ascent, and Encino programs; meaningful unitization pipeline.

Carroll, OH

Original Utica core. 12.3M+ bbls oil in 2025; strong multi-pad offset results.

Guernsey, OH

Cyrus/Freeport prospect and top-lease pipeline. Emerging volatile oil window.

Monroe, OH

Southern Utica wet-gas window. Adjacent to Two Six Alpha Intermodal Terminal.

Tuscarawas, OH

Northern-tier development with direct EOG drilling and expanding unitization.

Xavier Unit type curve — single well

10,000 ft lateral. Three-stream development: oil + gas + NGL. Based on offset operator performance in TSA’s core Harrison County position. Screening-grade only.

$15.8M
BT NPV10
109%
BT IRR
$9.9M
AT NPV10
72%
AT IRR
$12,321
BT NPV10 / acre
Mo. 10
Breakeven
1.6×
Return on investment
$8.51
F&D / BOE

Key assumptions

Oil EUR529,724 Bbls
Gas EUR4,426,500 Mcf
NGL EUR442,650 Bbls
3-Stream BOE EUR1,488,799 BOE
Oil Price$65.00/Bbl
Gas Price$3.25/Mcf
NGL Price$28.00/Bbl
D&C Cost$12,500,000
Working Interest100%
Royalty Burden17.5%

Interactive decline curve calculator

Adjust parameters to model production decline and estimate 5-year EUR. Modified Arps hyperbolic decline. Screening tool only — not underwriting.

1,500 BOE/d
65%
1.20
5-Year EUR (BOE)
Est. Oil (Bbls)
Est. Gas (Mcf)
Payout (Months)

Environmental, social & governance

Operations guided by safety, environmental stewardship, and responsible development of Appalachian resources.

Environmental stewardship

Continuous evaluation to minimize environmental impact, supporting water recycling and emissions monitoring programs.

Social responsibility

Integrity, security, and wellbeing of team members, business partners, and local communities — embedded in how we operate.

Governance

In-house legal counsel for securities, environmental, and operational compliance. Transparent reporting and rigorous investment structuring.

Explore partnership opportunities

Landowners, operators, and selective long-term partners — start a conversation.

Appalachian Basin water logistics corridor
Water & Logistics · Project I

Two Six Alpha
Intermodal Terminal.

Midstream water and logistics on the Ohio River — frac, industrial, and power-adjacent demand, at Cresap Bend, West Virginia.

58.33
Acres · Flagship terminal
E3
Centum · Water & Logistics
42
Barge dock capacity
120
Car rail loop

Ohio River intermodal hub

The Two Six Alpha Intermodal Terminal is our flagship midstream position on the Ohio River — a 58.33-acre riparian site at Cresap Bend, West Virginia. Water, sand, rail, and barge under one operating envelope for frac, industrial, and power-adjacent demand along the Marcellus / Utica fairway.

Direct Ohio River barge access for inbound sand & aggregate and outbound proppant logistics. Unit-train capable 120-car rail loop with connections to Northern Appalachia frac sand corridors. A ~100-mile logistics ring covers active Utica/Marcellus drilling across Ohio, Pennsylvania, and West Virginia from a single dispatch point. Project Centum’s E3 engine treats water & logistics as both revenue and information — advance visibility into completion programs before public permits.

58.33 ac
Riparian footprint

Cresap Bend, WV — river frontage with industrial staging depth.

$45M
Centum E3 target

Year One plan target for the water & logistics engine — capacity-basis book converting to contracted volume.

~100 mi
Logistics ring

Single dispatch envelope across OH · PA · WV drilling corridors.

Barge + rail
Modal optionality

42-barge dock + 120-car loop — volume truck-only networks cannot match.

What the Intermodal Terminal unlocks

01

Frac water

Completion-scale water for multi-pad Utica and Marcellus programs across the six-county core and beyond.

02

Proppant logistics

Inbound sand and aggregate via barge and rail; outbound proppant for active fairway pads.

03

Industrial siting

Water and logistics adjacency for industrial users that need river access and reliable volume.

04

Power adjacency

Feedstock and water optionality for power concepts that sit next to basin gas molecules.

Oil & gas → water → power

Upstream demand

Completion water and produced-water handling for multi-pad Utica and Marcellus programs across the six-county core and beyond.

River logistics

Barge and rail optionality on the Ohio River — flexibility truck-only networks cannot match at volume.

Industrial & power

Water and logistics adjacency for industrial siting and power-generation concepts that depend on reliable basin feedstock.

Discuss the Intermodal Terminal

Terminal access, partnership structure, or industrial siting conversations for the Two Six Alpha Intermodal Terminal.

Power & Datacenter

Gas to electrons.
Basin to compute.

Appalachian natural gas as feedstock for power and the next wave of compute demand — viewed through a holding-company lens, not a utility pitch.

17+ Bcf/d
U.S. LNG export demand
4–6%
U.S. gas demand CAGR thru 2030
AI / DC
Structural power load growth
OH · PA · WV
Basin operating footprint

The third leg of molecules to watts

Two Six Alpha’s platform spans upstream minerals and leasehold, midstream water and logistics, and the strategic adjacency of power and compute load that increasingly competes for Appalachian gas molecules.

We do not position as a regulated utility or a datacenter developer. We position as a founder-led investment platform that understands the full chain — rock, water, logistics, and the power demand super-cycle reshaping where capital wants to sit in the basin.

01

Molecules

Utica / Marcellus minerals and leasehold — liquids-rich rock in a six-county Ohio core plus Marcellus depth.

02

Water

Two Six Alpha Intermodal Terminal on the Ohio River — withdrawal right, barge, and rail for completion and industrial volume.

03

Electrons

Basin gas as feedstock for power generation concepts sitting next to fuel, water, and logistics.

04

Compute

Data-center and industrial electrification as structural demand that re-prices Appalachian position.

Why the basin matters now

LNG pull

Structural export demand and long-cycle gas contracts keep Appalachian supply central through the end of the decade.

Power & compute

Data center and industrial electrification create siting questions around fuel, water, interconnect, and community — questions that start with basin position.

Integrated control

Owning or partnering across minerals, water logistics, and power adjacency reduces coordination friction pure-play capital cannot easily buy.

Holding-company lens. Not a utility pitch.

Power and datacenter are the third vertical in an integrated chain — not a standalone developer brochure. Conversations start with basin position, feedstock reality, and water/logistics adjacency.

  • 01
    Non-solicitingSelective partner dialogue only — not a public capital raise or securities offering.
  • 02
    Chain-awareRock, water, and logistics inform every power-adjacency conversation.
  • 03
    Basin-nativeOH · PA · WV operating footprint with founder capital on every deal.
17+ Bcf/d
U.S. LNG export demand

Structural pull on Appalachian gas through the decade.

4–6%
U.S. gas demand CAGR

Power and industrial load as a second demand super-cycle.

AI / DC
Compute load growth

Siting questions that start with fuel, water, and interconnect.

Talk power adjacency

Selective conversations on siting thesis, feedstock, and integrated infrastructure.

Appalachian dual-rig development at dusk
Company

Founder-led.
Basin-native.

A closely held investment, acquisition, and holding company combining operational knowledge, in-house legal expertise, and conviction-driven capital allocation across Appalachia.

Two Six Alpha, LLC

Mission: Two Six Alpha continues to build assets across the energy lifecycle — from exploration and development, logistics and midstream, to generation and consumption. Project Centum is the Year One operating plan: six engines, 365 days, a $250M value-creation target.

Headquartered in Texas and operating across Ohio, Pennsylvania, and West Virginia, Two Six Alpha is the sole party to every transaction — a single, vertically integrated platform spanning minerals and leasehold acquisition, working-interest participation, midstream water & logistics (anchored by the Two Six Alpha Intermodal Terminal), in-house title and curative, and a proprietary technology stack (GIS, unitization intelligence, recorder-office monitoring, deal management, unit economics).

We believe the Appalachian Basin has multi-decade potential. By combining deep operational knowledge, in-house legal expertise, and disciplined capital allocation, we are built for the next generation of energy investment in Appalachia — from molecules to watts.

TX
Headquarters
OH
Utica core
PA · WV
Marcellus depth
6
Centum engines

What we run on every deal

Recorder monitor

Daily automated scrape across the six-county Ohio core — instruments, counter-parties, and operator signals in one feed.

GIS & spatial intel

ODNR wells, units, laterals, and prospect footprints layered for acquisition and title work.

Title & curative

In-house legal and title — lease drafting, curative, and SPE administration without outside coordination tax.

Unit economics

Modified Arps type curves, per-acre NPV10, and screening models tied to offset operator performance.

Two Six Alpha Intermodal Terminal

Ohio River water and logistics flagship — barge, rail, and completion-scale water under one envelope (Centum E3).

Live operations map

Public ODNR wells and drilling units across the Utica six-county core — open on Oil & Gas.

Co-Founders & Co-CEOs

Scott Bauer

Scott Bauer

Co-Founder · Co-Chairman & Co-CEO
UticaMarcellusAcquisitionsCapital

Energy investor, former senior executive, and operator focused on the Appalachian Basin. Leads deal sourcing, capital allocation, and operator relationships.

Founded Braxton Acquisitions in 2008 after leading the Energy Division at Jones & Cannon, P.C. Negotiated approximately 40% of all leases signed in the Barnett Shale “Core Area” during 2008. Founded Braxton Energy with personal seed capital; first-year revenue exceeded $100 million. In 2014, Braxton Minerals deployed $7M over six months building an Appalachian mineral portfolio now valued in excess of $250 million.

scott@twosixalpha.com
Angela Bauer

Angela Bauer

Co-Founder · Co-Chairman & Co-CEO
Texas AttorneyTitle & LeaseOil & Gas LawOperations

Texas-licensed attorney leading in-house legal, title, lease, and regulatory strategy. Architect of TSA’s integrated transaction model.

President and COO of Braxton Energy (2008–2015). Title Manager at Paloma Resources (2006–2008), overseeing land activities for the Barnett Shale division including acquisition and divestiture of over 120,000 net acres in the Tier 1 core — later sold to Chesapeake Energy for over $200 million.

angela@twosixalpha.com

Selective. Aligned. Not a public raise.

Two Six Alpha is primarily self-funded by its Co-Founders. Long-term partner capital is welcomed selectively through jointly owned Special Purpose Entities (Texas or Delaware LLCs) for which Two Six Alpha serves as managing member.

The company does not raise capital through private placement memorandums or other regulated securities offerings. Skin in the game on every deal — not a management-fee business dressed up as a partnership.

Legal + investment

Title, lease drafting, regulatory matters, and SPE administration run in-house — reducing coordination tax on every transaction.

Principal capital

Co-Founders self-fund the platform and invest alongside every SPE.

Texas domicile

No state income tax. Established oil and gas partnership law. Energy-focused service ecosystem.

Work with our team

Investors, landowners, and partners — reach out directly.

Contact

Let’s talk.

Whether you are a landowner, operator, or potential long-term partner, we welcome a direct conversation.

Message ready

Your email client should open with a pre-filled message to scott@twosixalpha.com. If it did not, use the options below.

Open email app

Headquarters
Texas
Operations
Ohio · Pennsylvania · West Virginia