Tiburon Offers $42.7 Million for Egypt Valley Lease
Ohio Oil and Gas Land Management Commission | State of OhioState · Columbus, OH- Disclosed value
- $15,303/acre for 2,792.67745 acres ($42,736,343.02) + 12.5% Royalty + 5.5% Additional Economic Incentive
- From proposal
- Document date
- May 14, 2026
The 30-second brief
Tiburon Oil & Gas Ohio submitted a pending $42,736,343.02 bid for the Egypt Valley Wildlife Area oil and gas lease. The proposal offers $15,303 per acre plus a 12.5% royalty and a 5.5% additional economic incentive over the standard five-year term.
Tiburon Oil & Gas Ohio 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 option to extend for three additional years.
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Contract details
- Amount
- $15,303/acre for 2,792.67745 acres ($42,736,343.02) + 12.5% Royalty + 5.5% Additional Economic Incentive
- Document date
- May 14, 2026
- Term
- Five-year primary term, with a one-time option to extend for three additional years
- Vendor
- Tiburon Oil & Gas Ohio LLC
- Source document
- Ohio Oil and Gas Land Management Commission Proposal Bid for Nomination 26-DNR-0002 2026-05-14 (Proposal)
Tiburon Oil & Gas Ohio 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?
Tiburon Oil & Gas Ohio 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 $15,303/acre for 2,792.67745 acres ($42,736,343.02) + 12.5% Royalty + 5.5% Additional Economic Incentive.
How much is the Tiburon Oil & Gas Ohio LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio worth?
The Tiburon Oil & Gas Ohio LLC contract with Ohio Oil and Gas Land Management Commission | State of Ohio is valued at $15,303/acre for 2,792.67745 acres ($42,736,343.02) + 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 for Nomination 26-DNR-0002 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 is Ohio Oil and Gas Land Management Commission | State of Ohio currently buying?
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