INR Ohio Offers $3.848 Million for Oil Lease | Ohio Oil and Gas Land Management Commission | State of Ohio | INR OHIO LLC

Scope & details

The full contract record, as filed.

Contract amount

$10,500/acre for 366.495 acres ($3,848,197.50) + 12.5% royalty + 7.5% additional economic incentive

Contract type

OTHER

Contract term

Standard lease primary term of five years from the Effective Date, with a one-time three-year extension option

Renewal

The draft standard lease provides a five-year primary term and a one-time three-year extension option for retained acreage.

Document type

Proposal

Source document

Ohio Oil and Gas Land Management Commission Proposal Bid Proposal for Nomination # 25-DNR-0001 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?

Inr Ohio 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 $10,500/acre for 366.495 acres ($3,848,197.50) + 12.5% royalty + 7.5% additional economic incentive.

How much is the Inr Ohio Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?

The Inr Ohio Llc contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $10,500/acre for 366.495 acres ($3,848,197.50) + 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 Proposal for Nomination # 25-DNR-0001 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 Inr Ohio Llc hold?

Inr Ohio 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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