Chief Capital Offers $32.9 Million for Oil 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 per acre for 4,360.386 acres ($32,920,914.30 total)

Contract type

OTHER

Contract term

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

Renewal

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

Document type

Proposal

Source document

Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination No. 24-DNR-0011 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 per acre for 4,360.386 acres ($32,920,914.30 total).

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 per acre for 4,360.386 acres ($32,920,914.30 total).

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-0011 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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