Ascent Submits $7.3 Million Oil and Gas Lease Bid | Ohio Oil and Gas Land Management Commission | State of Ohio | ASCENT RESOURCES - UTICA LLC

Scope & details

The full contract record, as filed.

Contract amount

$5,000 per net acre for 1,460.559 acres (total $7,302,795.00)

Contract type

OTHER

Contract term

Primary lease term of five years; one-time three-year extension option; may continue while oil and gas are produced or operations continue

Renewal

The draft standard lease provides a one-time option to extend the five-year primary term for three additional years by paying 100% of the original bonus on eligible acreage. The lease may continue beyond the primary term while production or qualifying operations continue.

Document type

Proposal

Source document

Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination No. 25-DNR-0002 2026-05-15

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PENDING

Ohio Oil and Gas Land Management Commission | State of Ohio, Ohio$12,507/acre for 366.495 acres ($4,583,752.97) + 12.5% royalty + 5.5% additional economic incentiveMay 15, 2026

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Ohio Oil and Gas Land Management Commission | State of Ohio, Ohio$9,644/acre for 3,846.934 acres ($37,099,831.50) + 12.5% royalty + 5.5% additional economic incentiveMay 15, 2026

Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination # 25-DNR-0001 2026-05-15

PENDING

Ohio Oil and Gas Land Management Commission | State of Ohio, Ohio$7,000/acre for 366.495 acres ($2,565,465) + 12.5% royaltyMay 15, 2026

Oil and Gas Land Management Commission Proposal Nomination 26-DNR-0001 Egypt Valley Wildlife Area 2026-05-15

PENDING

Ohio Oil and Gas Land Management Commission | State of Ohio, Ohio$9,644/acre for 3,846.934 acres ($37,099,831.50) + 12.5% royalty + 5.5% additional economic incentive; conditional lease bonus of $10,410/acre ($40,046,582.94) if selected for Nominations 26-DNR-0001, 26-DNR-0002, and 26-DNR-0005May 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Ohio Oil and Gas Land Management Commission | State of Ohio?

Ascent Resources - Utica Llc was awarded this government contract by Ohio Oil and Gas Land Management Commission | State of Ohio, as recorded on May 15, 2026. The contract value is $5,000 per net acre for 1,460.559 acres (total $7,302,795.00).

How much is the Ascent Resources - Utica Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?

The Ascent Resources - Utica Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $5,000 per net acre for 1,460.559 acres (total $7,302,795.00).

What type of contract is this?

This is a government contract, documented as a proposal record.

Where was this contract approved?

This contract appears in Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination No. 25-DNR-0002 2026-05-15 (Proposal), dated May 15, 2026 from Ohio Oil and Gas Land Management Commission | State of Ohio. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ascent Resources - Utica Llc hold?

Ascent Resources - Utica Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Ohio Oil and Gas Land Management Commission | State of Ohio currently buying?

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