Every area has its quirky cuts and styles. I don't know that i have ever seen this cut here before.
In KY, we have these things called Country Style Ribs - bone or boneless - my wife's fave.
I like BB ribs or full racks, but these Country style dudes are awesome and always a crowd pleaser.
To make your steaks "wetter", have you tried a splash of Bourbon, Coke, or Root Beer in the foil? I do that often, it is great.