SACRAMENTO, Calif. – The Bureau of Land Management will hold a competitive geothermal lease sale Oct. 26 that includes several thousand acres in Elko and Lander counties.
The auction begins at 1 p.m. at the Sheraton Grand Hotel in Sacramento.
BLM Nevada will offer 22 parcels totaling 46,976 acres of public lands and split estate in the Battle Mountain, Carson City, Elko and Winnemucca districts.
BLM California will offer two parcels totaling 3,495 acres of public lands and federal minerals within the El Centro Field Office.
BLM Utah will offer six parcels totaling 15,782 acres of public lands and split estate in the Fillmore and Cedar City field offices.
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.
For each parcel, the bid, rental receipts, and subsequent royalties are disbursed such that 50 percent of the funds go to the respective state, an additional 25 percent to the respective county, and 25 percent remains in the U.S. Department of the Treasury.
More information on the Nevada lease parcels is available at www.blm.gov/nv.