Belmont County Commissioners Meeting Minutes April 8 2026
County Approves Oil And Gas Lease With Ascent Resources
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Description
Belmont County Commissioners approved an oil and gas lease with Ascent Resources - Utica, LLC for 102.845 acres in Richland Township at $7,500 per acre, totaling $771,337.50. The five-year lease, effective April 8, 2026, includes a 20% royalty on production.
Contract Details
Contract Amount
$7,500 per net leasehold acre for 102.845 acres (Total Payment Amount: $771,337.50)
Vendor
ASCENT RESOURCES - UTICA LLC
Agency
Belmont County, OH
Contract Type
FINANCIAL_SERVICES
Document Date
April 8, 2026
Contract Term
Five-year term, effective April 8, 2026, with 20% royalty
Renewal Date
2031-04-08
Renewal Info
Initial five-year oil and gas lease term beginning April 8, 2026; renewal or extension terms are not specified in the minutes.
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Belmont County Board of Commissioners Minutes 2026-05-27
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