BLM Nevada Geothermal Lease Sale October Results
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RENO, Nev.— The Bureau of Land Management received bids on geothermal leases in Nevada that brought in $26,422 in total receipts during an online auction held on October 23.
Ten parcels totaling 27,136.48 acres were offered during the lease sale. Bids were received on two parcels, totaling 2,321.05 acres. The parcels are located in the Carson City District.
The largest amount received, $21,445 was from Federal Abstract Company for 1,520 acre parcel in Lyon County. The highest bid was for $12 per acre.
Geothermal leases are for an initial 10-year period with the opportunity to extend if diligent exploration and development occur.
Fifty percent of the funds collected as bids, rent and royalties are disbursed to the state, 25 percent disbursed to the county the lease is located in and 25 percent to the U.S. Department of the Treasury.
The BLM manages more than 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.