Nevada State Office
| Contacts: | JoLynn Worley | , 775-861-6515 | , jworley@blm.gov |
Geothermal Competitive Sale Results
Reno, Nev.—The Bureau of Land Management (BLM) Nevada generated $28,982 during its competitive geothermal lease sale held in Reno on Jan. 29, selling five parcels, two in Churchill County, two in Humboldt County and one in Pershing County, that comprised 7,056 acres. The high sale bid on each of the five parcels was $2 per acre. Four of the parcels were sold to Ormat Nevada Inc ., and one was sold to Colorado-based Presco Energy, LLC.
Geothermal leases are issued for a 10-year primary term. Annual rental for a competitive lease is $2 per acre for the first year, and $3 per acre for lease years 2 through 10. Annual rental for a noncompetitive lease is $1 per acre for lease years 1-10. Additional environmental analysis would need to be conducted to receive permits to drill or build a facility to develop the energy from the geothermal source.
The BLM offered 7 parcels totaling 10,024 acres. A complete summary of the parcels offered and the winning bids is available online at: www.blm.gov/nv.
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. In Fiscal Year (FY) 2011, recreational and other activities on BLM-managed land contributed more than $130 billion to the U.S. economy and supported more than 600,000 American jobs. The Bureau is also one of a handful of agencies that collects more revenue than it spends. In FY 2012, nearly $5.7 billion will be generated on lands managed by the BLM, which operates on a $1.1 billion budget. The BLM's multiple-use mission is to sustain the health and productivity of the public lands for the use and enjoyment of present and future generations. The Bureau accomplishes this by managing such activities as outdoor recreation, livestock grazing, mineral development, and energy production, and by conserving natural, historical, cultural, and other resources on public lands.