BLM Logo
U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
State Office
 
Release Date: 03/06/13
Contacts: Lorenzo Trimble , 775-861-6567 , ltrimble@blm.gov
News Release No. NSO 2013-13

BLM to Offer Oil and Gas Parcels in Elko District at Lease Sale on March 12


Reno, Nev.— The Bureau of Land Management (BLM) is holding a competitive oil and gas lease sale (sale) on Tuesday, March 12, 2013 at the BLM Nevada State Office at 1340 Financial Blvd., Reno. The sale room opens at 8 a.m. for registration and bidding numbers and the sale begins at 9 a.m. Currently the sale includes 35 parcels totaling 45,562 acres. The parcels to be offered at the sale are in the Elko District, which includes the Tuscarora and Wells Field Offices. The previous Elko District sale was held on March 13, 2012. That sale generated $1,788,595, selling all 42 parcels offered covering 72,144 acres.

A complete summary of the parcels to be offered at the sale along with other documents regarding the sale are available online at: www.blm.gov/nv and at the Information Access Center at the BLM Nevada State Office at 1340 Financial Blvd., in Reno. The website also provides a Geographic Information System shapefile of the parcels.

The BLM Nevada offers quarterly oil and gas sales. Parcels to include in a sale are nominated by industry representatives well in advance of a sale. The BLM reviews each parcel location for any resource conflicts, which can result in stipulations placed on the parcel, deferral or partial deferral of a parcel. The next sale will be held June 11, 2013 and will include parcels in the Battle Mountain District, which includes the Tonopah and Mt. Lewis Field Offices.

The lease is for a period of 10 years with annual rentals of $1.50 per acre for the first five years and $2 per acre after that until production begins. Once a lease is producing, a royalty of 12.5 percent is charged. Half of the bid and rental receipts go to the state of Nevada.



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.
--BLM--

State Office   1340 Financial Blvd. Reno, NV 89502  

Last updated: 03-08-2013