Chief Capital Offers $21.1 Million for Egypt Valley Lease | Ohio Oil and Gas Land Management Commission | State of Ohio | CHIEF CAPITAL (O&G) II LLC

Scope & details

The full contract record, as filed.

Contract amount

$7,550/acre for 2,792.67745 acres ($21,084,714.75) + 12.5% Royalty + 5.5% Additional Economic Incentive

Contract type

OTHER

Contract term

Five-year primary term, with a one-time option to extend for three additional years

Renewal

The standard lease provides a one-time option to extend the five-year primary term for three additional years, subject to payment of 100% of the original bonus on a per-net-mineral-acre basis.

Document type

Proposal

Source document

Ohio Oil and Gas Land Management Commission Proposal Bid for Nomination 26-DNR-0002 2026-05-14

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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?

Chief Capital (o&g) Ii Llc was awarded this government contract by Ohio Oil and Gas Land Management Commission | State of Ohio, as recorded on May 14, 2026. The contract value is $7,550/acre for 2,792.67745 acres ($21,084,714.75) + 12.5% Royalty + 5.5% Additional Economic Incentive.

How much is the Chief Capital (o&g) Ii Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?

The Chief Capital (o&g) Ii Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $7,550/acre for 2,792.67745 acres ($21,084,714.75) + 12.5% Royalty + 5.5% Additional Economic Incentive.

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 for Nomination 26-DNR-0002 2026-05-14 (Proposal), dated May 14, 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 Chief Capital (o&g) Ii Llc hold?

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

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