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U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Nevada State Office
 
Release Date: 06/13/12
Contacts: Chris Rose , 775-861-6480 , crose@blm.gov
News Release No. NSO 2012-026

Results of BLM Oil and Gas Sale


Reno, Nev.— The Bureau of Land Management (BLM) generated $305,102.50 during its quarterly oil and gas competitive lease sale held in Reno on June 12, selling 27 parcels that comprised 39,276 acres. The sale high bid of $22,680 for a 2,520 acre parcel at $9 per acre was made by TSAR LMD LLC for a parcel in White Pine County.

Leases are issued for a primary term of 10 years with annual rentals of $1.50 per acre for the first five years and $2.00 per acre after that until production begins. Once a lease is producing, a royalty of 12.5 percent is charged. Nearly half the bid and rental receipts go to the state of Nevada.

The BLM offered 38 parcels totaling 48,572 acres. The initial sale list included 59 parcels totaling 99,088 acres. On June 5, an amendment to the sale list was posted deferring a total of 21 entire parcels from the lease sale pending completion of additional analysis.

Of the 21 entirely deferred parcels, 13 parcels were deferred due to an overlap with greater sage-grouse habitat and 8 parcels, located on U.S. Forest Service lands, were deferred for additional environmental analysis.

A complete summary of the parcels offered and the winning bids is available online at www.blm.gov/nv. The next oil and gas sale is scheduled for September 11, 2012.



The BLM manages more than 245 million acres of public land, the most of any Federal agency. This land, known as the National System of Public Lands, is primarily located in 12 Western states, including Alaska. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. The BLM's mission is to manage and conserve the public lands for the use and enjoyment of present and future generations under our mandate of multiple-use and sustained yield. In Fiscal Year 2013, the BLM generated $4.7 billion in receipts from public lands.
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Nevada State Office   1340 Financial Blvd. Reno, NV 89502  

Last updated: 06-14-2012