CONTRACTPENDING

Tiburon Submits $3.4 Million Oil and Gas Lease Bid

Ohio Oil and Gas Land Management Commission | State of Ohio logoOhio Oil and Gas Land Management Commission | State of Ohio
Disclosed value
$4,000/acre for 849.881 acres ($3,399,524)
From proposal
Document date
May 14, 2026

The 30-second brief

What it covers

Tiburon Oil & Gas Ohio, LLC submitted a $3,399,524 bid for an oil and gas lease covering 849.881 acres in the Egypt Valley Wildlife Area. The bid proposes a $4,000-per-acre lease bonus and remains pending Commission action.

Who holds it

Tiburon Oil & Gas Ohio LLC holds this contract with Ohio Oil and Gas Land Management Commission | State of Ohio.

What happens next

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
$4,000/acre for 849.881 acres ($3,399,524)
Document date
May 14, 2026
Term
Five-year primary lease term; one-time three-year extension option under the standard lease form
Vendor
Tiburon Oil & Gas Ohio 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)

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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 $4,000/acre for 849.881 acres ($3,399,524).

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 $4,000/acre for 849.881 acres ($3,399,524).

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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