Gulfport Appalachia Bids on State Oil and Gas Lease
Ohio Department of Natural Resources | State of OhioState · Columbus, OH- Disclosed value
- $6,000/net mineral acre for 3.111 acres ($18,666.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive
- From bid
- Document date
- Aug 9, 2024
The 30-second brief
The State of Ohio received a bid from Gulfport Appalachia to lease 3.111 acres of state-owned land in Belmont County for oil and gas development. The offer includes a $6,000 bonus per net mineral acre plus royalties and additional incentives, with a 3-year primary term and one optional extension.
Gulfport Appalachia holds this contract with Ohio Department of Natural Resources | State of Ohio. Its other public contracts on record include work for Barnesville village and Switzerland of Ohio Local Schools.
Term as filed: 3 years primary term from lease effective date, with one 3-year extension option.
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Contract details
- Amount
- $6,000/net mineral acre for 3.111 acres ($18,666.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive
- Document date
- August 9, 2024
- Term
- 3 years primary term from lease effective date, with one 3-year extension option
- Vendor
- Gulfport Appalachia
- Source document
- bid_received_for_24_dot_0002.pdf (Bid)
Gulfport Appalachia's other public contracts
More Ohio Department of Natural Resources | State of Ohio contracts
Questions about this contract
Who was awarded the government contract by Ohio Department of Natural Resources | State of Ohio?
Gulfport Appalachia was awarded this government contract by Ohio Department of Natural Resources | State of Ohio, as recorded on August 9, 2024. The contract value is $6,000/net mineral acre for 3.111 acres ($18,666.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive.
How much is the Gulfport Appalachia contract with Ohio Department of Natural Resources | State of Ohio worth?
The Gulfport Appalachia contract with Ohio Department of Natural Resources | State of Ohio is valued at $6,000/net mineral acre for 3.111 acres ($18,666.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive.
What type of contract is this?
This is a government contract, documented as a bid record.
Where was this contract approved?
This contract appears in bid_received_for_24_dot_0002.pdf (Bid), dated August 9, 2024 from Ohio Department of Natural Resources | State of Ohio. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Gulfport Appalachia hold?
Gulfport Appalachia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Ohio Department of Natural Resources | State of Ohio currently buying?
Explore Ohio Department of Natural Resources | State of Ohio's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.