Chief Capital Submits $1.55 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

$4,050/acre for 382.810 acres ($1,550,380.50) + 12.5% Royalty + 5.5% Additional Economic Incentive

Contract type

OTHER

Contract term

Five-year primary term, with a one-time three-year extension option under the standard lease

Renewal

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

Document type

Proposal

Source document

Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination No. 24-DNR-0012 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 $4,050/acre for 382.810 acres ($1,550,380.50) + 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 $4,050/acre for 382.810 acres ($1,550,380.50) + 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 Proposal for Nomination No. 24-DNR-0012 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?

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

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