Grenadier III Submits $4 Million Lease Proposal
Ohio Oil and Gas Land Management Commission | State of OhioState · Columbus, OH- Disclosed value
- $10,507/acre for 382.810 acres ($4,022,184.67) + 12.5% Royalty + 5.5% Additional Economic Incentive
- From proposal
- Document date
- May 15, 2026
The 30-second brief
Grenadier III, LLC submitted a $4,022,184.67 bid for an oil and gas lease covering the Jockey Hollow Wildlife Area. The proposal includes a 12.5% royalty and 5.5% additional economic incentive and is pending Commission review.
Grenadier Iii LLC holds this contract with Ohio Oil and Gas Land Management Commission | State of Ohio.
Term as filed: Five-year primary term, with a one-time three-year extension option under the standard lease.
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Contract details
- Amount
- $10,507/acre for 382.810 acres ($4,022,184.67) + 12.5% Royalty + 5.5% Additional Economic Incentive
- Document date
- May 15, 2026
- Term
- Five-year primary term, with a one-time three-year extension option under the standard lease
- Vendor
- Grenadier Iii LLC
- Source document
- Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination No. 24-DNR-0012 2026-05-15 (Proposal)
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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 Iii 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 $10,507/acre for 382.810 acres ($4,022,184.67) + 12.5% Royalty + 5.5% Additional Economic Incentive.
How much is the Grenadier Iii LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?
The Grenadier Iii LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $10,507/acre for 382.810 acres ($4,022,184.67) + 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.
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What other contracts does Grenadier Iii LLC hold?
Grenadier 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.