Oil and Gas Lease Awarded to Gulfport Appalachia
Ohio Department of Natural Resources | State of OhioState · Columbus, OH- Disclosed value
- $4,000/net mineral acre for 1.370 acres ($5,480.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive
- From bid
- Awarded
- Aug 9, 2024
The 30-second brief
The State of Ohio awarded an oil and gas lease for 1.370 acres along SR 78 (Fisher's Grove Park) to Gulfport Appalachia, with a $4,000 per net mineral acre bonus, 1/8 royalty, and a 5.5% additional incentive. The primary term is 3 years with an optional 3-year 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 from Effective Date, with one-time option to extend for an additional 3 years (total up to 6 years).
See who signed off on this contract.
See who signed offFree account · 30-second setup · No credit card
Contract details
- Amount
- $4,000/net mineral acre for 1.370 acres ($5,480.00) + 1/8 royalty on production + 5.5% Additional Economic Incentive
- Document date
- August 9, 2024
- Term
- 3 years from Effective Date, with one-time option to extend for an additional 3 years (total up to 6 years)
- Vendor
- Gulfport Appalachia
- Source document
- bid_submission_deadline_for_row_along_sr_78.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 $4,000/net mineral acre for 1.370 acres ($5,480.00) + 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 $4,000/net mineral acre for 1.370 acres ($5,480.00) + 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_submission_deadline_for_row_along_sr_78.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.
Show 2 more questions
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.