INR Ohio LLC Insurance Application Approved
Gulfport Energy Spends $15M on Lease Renewals and New Leases
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Description
Gulfport Energy paid $15 million in lease bonuses for securing new and renewed oil and gas rights on over 30,000 acres in Ohio during the first half of 2022.
Contract Details
Contract Amount
$15,000,000
Vendor
GULFPORT ENERGY
Agency
Ohio Department of Natural Resources, OH
Contract Type
LICENSE
Document Date
February 2, 2024
Contract Term
January – June 2022 (6 months)
Renewal Date
2022-06-30
Renewal Info
Industry standard 10% lease renewals for half-year, $5000 per acre bonus basis.
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