Ascent Offers $2.565 Million for Ohio Oil Lease | Ohio Oil and Gas Land Management Commission | State of Ohio | ASCENT RESOURCES - UTICA LLC

Scope & details

The full contract record, as filed.

Contract amount

$7,000/acre for 366.495 acres ($2,565,465) + 12.5% royalty

Contract type

OTHER

Contract term

Standard lease primary term of five years from the Effective Date, with a one-time three-year extension option

Renewal

The draft standard lease provides a five-year primary term and a one-time three-year extension option for 100% of the original bonus on retained acreage.

Document type

Proposal

Source document

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

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Harrison County Commissioners Minutes 2026-07-22

APPROVED

Harrison County, OhioJul 22, 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$12,507/acre for 366.495 acres ($4,583,752.97) + 12.5% royalty + 5.5% additional economic incentiveMay 15, 2026

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

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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 No. 25-DNR-0002 2026-05-15

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Ohio Oil and Gas Land Management Commission | State of Ohio, Ohio$5,000 per net acre for 1,460.559 acres (total $7,302,795.00)May 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 $7,000/acre for 366.495 acres ($2,565,465) + 12.5% royalty.

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 $7,000/acre for 366.495 acres ($2,565,465) + 12.5% royalty.

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 # 25-DNR-0001 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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