BLM announces June 2024 oil and gas lease sale in Nevada

RENO, Nev. – The Bureau of Land Management Nevada State Office today announced an oil and gas lease sale scheduled for June 25, 2024, to offer 1 oil and gas parcel totaling 2,080 acres in Nevada.

The BLM completed scoping on this parcel in December 2023 and held a public comment period that closed in March 2024 on the parcel, potential deferrals, and the related environmental analysis. A 30-day public protest period to receive additional public input opened today and will close May 27, 2024.

The parcel the BLM has analyzed, as well as maps and instructions on how to submit a protest are available on the BLM’s ePlanning website at: https://eplanning.blm.gov/eplanning-ui/project/2030088/510.

As authorized under the Inflation Reduction Act, BLM will apply a 16.67 percent royalty rate for production on any new leases from this sale. More information about the Act is available on BLM's online fact sheet. Revenues are split between the state where the drilling occurs and the U.S. Treasury.

Leasing is the first step in the process to develop federal oil and gas resources. Before development operations can begin, an operator must submit an application for permit to drill detailing development plans. The BLM reviews applications for permits to drill, posts them for public review, conducts an environmental analysis and coordinates with state partners and stakeholders.

All parcels leased for oil and gas lease include appropriate stipulations to protect important natural resources. Information on current and upcoming BLM leases is available through the National Fluid Lease Sale System.