BLM Logo
U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
State Office
 
Release Date: 07/16/14
Contacts: 775-861-6480    
News Release No. NSO 2014-024

BLM to Offer Oil and Gas Parcels in Battle Mountain District at Lease Sale on July 17


Reno, Nev.— The Bureau of Land Management (BLM) is holding a competitive oil and gas lease sale on Thursday, July 17 at the BLM Nevada State Office, 1340 Financial Blvd., Reno. Registration and assignment of bidding numbers begins at 8 a.m. and the sale begins at 9 a.m.

The sale includes 102 parcels totaling 174,021 acres. The parcels to be offered are in the Battle Mountain District, which includes the Mount Lewis and Tonopah Offices. The previous Battle Mountain District sale was held on June 11, 2013. That sale generated $795,056.50, selling 39 parcels covering 64,324.13 acres through competitive and non-competitive sales.

A complete summary of the parcels to be offered, a GIS shapefile and other documents related to the sale are available online at http://on.doi.gov/1oXmCgT and at the Information Access Center at the BLM Nevada State Office.

The BLM Nevada offers quarterly oil and gas sales. Parcels included 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 September 9, 2014 and will include parcels in the Elko, Winnemucca and Carson City Districts.

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: 07-18-2014