BLM geothermal leases in Oregon sale net more than $430,000
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VALE, Ore. —The Bureau of Land Management leased two parcels in Malheur County totaling 5,235 public acres for $430,518. The sale generated an average of $82 per acre in total receipts, which was the most per acre revenue generated from a BLM geothermal lease sale in Oregon in recent history.
For each parcel leased, 50 percent of the combined bid, rental receipts, and subsequent royalties will go to the State of Oregon, 25 percent will go to Malheur County, and the remaining 25 percent will go to the U.S. Treasury.
Geothermal lease sales support domestic energy production and American energy independence, while contributing to the nation’s economic and military security. Consistent with Executive Order 14154, “Unleashing American Energy,” the BLM's geothermal lease sales help meet the energy needs of U.S. citizens and solidify the nation as a global energy leader long into the future and achieve American Energy Dominance.
Leasing is the first step in the process to develop federal geothermal resources. The BLM ensures geothermal development meets the requirements set forth by the National Environmental Policy Act of 1969 and other applicable legal authorities. Planning documents for this sale are available at the BLM National NEPA Register. The BLM’s lease sales are held online through EnergyNet.
Geothermal is an abundant resource, especially in the West, where the BLM has authority to manage geothermal resource leasing, exploration, and development on approximately 245 million surface acres of public lands and the 700 million acres where the United States owns the subsurface mineral estate.
Please visit the BLM’s Geothermal Energy page for more information.
The BLM manages about 245 million acres of public land located primarily in 12 western states, including Alaska, on behalf of the American people. The BLM also administers 700 million acres of sub-surface mineral estate throughout the nation. Our mission is to sustain the health, diversity, and productivity of America’s public lands for the use and enjoyment of present and future generations.