Tiburon Offers $59 Million for Egypt Valley Lease
Ohio Oil and Gas Land Management Commission | State of OhioState · Columbus, OH- Disclosed value
- $15,303/acre for 3,846.934 acres ($58,869,631) + 12.5% royalty + 5.5% additional economic incentive
- From proposal
- Document date
- May 15, 2026
The 30-second brief
The Ohio Oil and Gas Land Management Commission received Tiburon Oil & Gas Ohio, LLC’s enhanced bid for the Egypt Valley Wildlife Area lease. The proposal offered $58,869,631, equal to $15,303 per acre, plus a 12.5% royalty and 5.5% additional economic incentive.
Tiburon Oil & Gas Ohio LLC holds this contract with Ohio Oil and Gas Land Management Commission | State of Ohio.
Term as filed: 5-year primary term; one-time 3-year extension option under the standard lease.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Amount
- $15,303/acre for 3,846.934 acres ($58,869,631) + 12.5% royalty + 5.5% additional economic incentive
- Document date
- May 15, 2026
- Term
- 5-year primary term; one-time 3-year extension option under the standard lease
- Vendor
- Tiburon Oil & Gas Ohio LLC
- Source document
- Oil and Gas Land Management Commission Proposal Nomination 26-DNR-0001 Egypt Valley Wildlife Area 2026-05-15 (Proposal)
Tiburon Oil & Gas Ohio LLC's other public contracts
More Ohio Oil and Gas Land Management Commission | State of Ohio contracts
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 15, 2026. The contract value is $15,303/acre for 3,846.934 acres ($58,869,631) + 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 3,846.934 acres ($58,869,631) + 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 Oil and Gas Land Management Commission Proposal Nomination 26-DNR-0001 Egypt Valley Wildlife Area 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.
Show 1 more question
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.