Grenadier Energy Offers $13.6 Million Oil Lease Bid
Ohio Oil and Gas Land Management Commission | State of OhioState · Columbus, OH- Disclosed value
- $16,007/acre for 849.881 acres ($13,604,045.17) + 12.5% royalty + 7.5% additional economic incentive
- From proposal
- Document date
- May 14, 2026
The 30-second brief
Grenadier Energy III, LLC submitted a $13,604,045.17 bid for an oil and gas lease covering 849.881 acres in Belmont County. The proposal offers a $16,007-per-acre bonus, a 12.5% royalty, and a 7.5% additional economic incentive, pending Commission action.
Grenadier Energy Iii LLC holds this contract with Ohio Oil and Gas Land Management Commission | State of Ohio. Its other public contracts on record include work for Belmont College | State of Ohio.
Term as filed: Five-year primary lease term; one-time three-year extension option under the standard lease form.
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Contract details
- Amount
- $16,007/acre for 849.881 acres ($13,604,045.17) + 12.5% royalty + 7.5% additional economic incentive
- Document date
- May 14, 2026
- Term
- Five-year primary lease term; one-time three-year extension option under the standard lease form
- Vendor
- Grenadier Energy Iii LLC
- Source document
- Ohio Oil and Gas Land Management Commission Proposal Bid for Oil and Gas Lease Nomination 26-DNR-0004 2026-05-14 (Proposal)
Grenadier Energy Iii LLC's other public contracts
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Questions about this contract
Who was awarded the government contract by Ohio Oil and Gas Land Management Commission | State of Ohio?
Grenadier Energy Iii 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 $16,007/acre for 849.881 acres ($13,604,045.17) + 12.5% royalty + 7.5% additional economic incentive.
How much is the Grenadier Energy Iii LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?
The Grenadier Energy Iii LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $16,007/acre for 849.881 acres ($13,604,045.17) + 12.5% royalty + 7.5% 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 Oil and Gas Lease Nomination 26-DNR-0004 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.
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What other contracts does Grenadier Energy Iii LLC hold?
Grenadier Energy Iii 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.
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.