Belmont County Commissioners Meeting Minutes April 15 2026
County Approves Oil and Gas Lease with Ascent
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Description
The Belmont County Commissioners entered into a five-year oil and gas lease with Ascent Resources - Utica, LLC effective April 15, 2026, for 13.964 acres in Richland Township. The lease pays $7,500 per net leasehold acre for a total of $104,730.00 plus a 20% royalty on production.
Contract Details
Contract Amount
$7,500 per net leasehold acre for 13.964 acres; Total Payment Amount: $104,730.00
Vendor
ASCENT RESOURCES - UTICA LLC
Agency
Belmont County, OH
Contract Type
OTHER
Document Date
April 15, 2026
Contract Term
Five-year term effective April 15, 2026, with 20% royalty
Renewal Date
2031-04-15
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DISCUSSEDMore from Belmont County
Belmont County Board of Commissioners Minutes 2026-05-27
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Belmont County Board of Commissioners Minutes 2026-05-27
Belmont County Board of Commissioners Minutes 2026-05-27
Belmont County Board of Commissioners Minutes 2026-05-27
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