Two Companies Selected by Ohio Commission to Lease Parts of Noble and Monroe Counties for Fracking

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Ohio Fracking News

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The “highest and best bidders” were selected to lease parts of Noble and Monroe counties for fracking during Monday’s Ohio Oil and Gas Land Management Commission meeting.

was the sole bidder to lease eight parcels for drilling in Noble County for $4,713.60, according to the Ohio Department of Natural Resources. Antero has previously leased land in Noble County and other Eastern Ohio counties including Harrison, Guernsey, Belmont, Monroe and Washington. Each lease agreement includes a 12.5% royalty paid to the state for production. The commission posted the nominated leasing parcels to bid on March 4 and May 4 was the deadline to submit bids.

The Guernsey and Noble county nominations were denied because “ODOT indicated it lacks the ability to enter into a lease at this time,” according to ODNR. “ODOT submitted a comment indicating that due to their stewardship and oversight agreement with the Federal Highway Administration, they are not legally authorized to enter into mineral basis for these parcels without express pre-approval from the FHWA,” Richardson said about the nomination for land in Wills Township in Guernsey County.

 

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