Print Page

Fact Sheet

For  Release :  August 14, 2007     
Contacts :  John Dearing, (916) 978-4622 or Jeff Fontana,(530) 252-5332

All parcels are located in the north end of the Geysers geothermal energy field in Lake, Mendocino and Sonoma counties.

Parcel:CA 8-07-01
Location: Lake & Sonoma counties 
Acres: 470.720    
Bid per Acre: $14,000*  
Total: $6,594,000*  
Bidder:  Binkley Geo Resources, LLC
Santa Monica, CA  

Parcel: CA 08-07-02
Location: Lake County
Acres: 440
Bid per acre: $400
Total:  $176,000
Bidder:  Kelsey South, LLC
Santa Monica, Ca
Parcel: CA 08-07-03
Location: Lake County
Acres: 40     
Bid per acre: $150
Total: $6,000    
Bidder:  High Valley, LLC 
Santa Monica, CA          
Parcel: CA 08-07-04
Location:  Lake County
Acres: 200
Bid per acres:  $350
Total: $70,000
Bidder:  High Valley, LLC
Santa Monica, CA     
Parcel: CA 08-07-05
Location: Mendocino & Sonoma counties
Acres:  1240
Bid per acre: $420  
Total: $520,800  
Bidder: Geysers Power Company, LLC  
Middletown, CA                  
Parcel: CA-08-07-06
Location: Sonoma County
Acres:  320
Bid per acre: Bid per acre: $2,000
Total: $640,000    
Bidder:  Geysers Power Company, LLC
Middletown, CA     

* The highest per-acre bid ever recorded by BLM nationwide for a geothermal lease parcel

• The  first competitive sealed bid geothermal lease offer that BLM held for lands at The Geysers was held on January 22, 1974, over 33 years ago.

• A total of 10 competitive lease offers has been held for tracts at The Geysers.  These sales have generated over $35 million in bonus or accepted high bids.

• Federal royalties on the production of steam from 12 producing federal leases at The Geysers, since first federal production in 1979, totals over $200 million.  Half of this money is returned to the state of California, and then 40% of the half returned to the state is directed to the county in which the geothermal energy was produced.  The field is shared by Mendocino, Lake and Sonoma counties.
• The Geysers produces 46% of the total royalties from federal geothermal leases in California

• There are four power plants located on federal leases in The Geysers.  Together, these four plants produce an average of about 200 megawatts of energy, enough for the household needs of about 200,000 people.

• The Geysers is the largest geothermal field in the world, and one of only two known dry steam fields in the world (the other dry steam field is in Lardarello, Italy)

For more information on geothermal energy in California, visit the California geothermal resources website at:  http://www.blm.gov/ca/st/en/prog/energy/geothermal.html

California State Office      2800 Cottage Way     Sacramento, CA 95825

Last updated: 08-15-2007