OTHERPENDING

Chief Capital Submits $29 Million Lease Bid

The Ohio Oil and Gas Land Management Commission received Chief Capital (O&G) II, LLC’s bid for the Egypt Valley Wildlife Area lease. The proposal offered $29,044,351.70, or $7,550 per acre, plus a 12.5% royalty and 5.5% additional economic incentive.

Document date · May 15, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$7,550/acre for 3,846.934 acres ($29,044,351.70) + 12.5% royalty + 5.5% additional economic incentive
Contract type
OTHER
Contract term
5-year primary term; one-time 3-year extension option under the standard lease
Renewal
Standard lease provides a five-year primary term and a one-time option to extend for three additional years by paying 100% of the original bonus on eligible acreage.
Document type
Proposal
Source document
Oil and Gas Land Management Commission Proposal Nomination 26-DNR-0001 Egypt Valley Wildlife Area 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 $7,550/acre for 3,846.934 acres ($29,044,351.70) + 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 3,846.934 acres ($29,044,351.70) + 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 Oil and Gas Land Management Commission Proposal Nomination 26-DNR-0001 Egypt Valley Wildlife Area 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?

Explore Ohio Oil and Gas Land Management Commission | State of Ohio's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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