Chief Capital Submits $8.9 Million Lease Bid | 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

$6,050 per acre for 1,460.559 acres ($8,863,381.95), plus 12.5% royalty and 5.5% additional economic incentive

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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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 15, 2026. The contract value is $6,050 per acre for 1,460.559 acres ($8,863,381.95), plus 12.5% royalty and 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 $6,050 per acre for 1,460.559 acres ($8,863,381.95), plus 12.5% royalty and 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 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 Chief Capital (o&g) Ii Llc hold?

Chief Capital (o&g) Ii 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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