BLM Logo
U.S. DEPARTMENT OF THE INTERIOR
BUREAU OF LAND MANAGEMENT NEWS RELEASE
Nevada State Office
 
Release Date: 03/25/11
Contacts: JoLynn Worley , 775-861-6515 , jolynn_worley@blm.gov
News Release No. 2011-25

Final Results for 2011 Geothermal Sale


Reno, Nev. — Geothermal leases not sold at the March 22 competitive geothermal lease sale were available the following day for non-competitive offers. The Bureau of Land Management (BLM) offered 34 parcels non-competitively and received offers for 12 parcels. The non-competitive rental fees of $44,843, in addition to the competitive lease receipts of $456,353, resulted in $506,446 in total revenue from this year’s geothermal lease sale.

Of the 51 parcels offered this year, 17 parcels sold competitively. Two parcels in Churchill County received the highest bid per acre prices: bonus bid of $253,580 at $60 per acre for a 4,227-acre parcel by Ormat Nevada Inc., of Reno, and bonus bid of $8,320 at $13 per acre for a 640-acre parcel by TGP Development Company LLC of San Diego, Calif. The second highest bonus bid of $29,370 was paid by Geothermal Technical Partners of Sparks, NV for a 4,894-acre parcel in Mineral County. Thirteen parcels received bonus bids of $2 per acre.

The sale offered 51 parcels in Nevada totaling 151,119 acres; 42,627.47 acres sold competitively and 44,842 acres received non-competitive offers on March 23. The remaining 63,648 acres will remain available for non-competitive lease offers for two years.

Geothermal leases are for a 10-year period. Annual rental for a competitive lease is $2 per acre for the first year, and $3 per acre for lease years 2-10. 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.

Additional sale information is posted on-line 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. 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--

Nevada State Office   1340 Financial Blvd.      Reno, NV 89502  

Last updated: 07-18-2012