The Bureau of Land Management (BLM) is holding a competitive oil and gas lease sale on Thursday, July 17 at the BLM Nevada State Office, 1340 Financial Blvd., Reno. Registration and assignment of bidding numbers begins at 8 a.m. and the sale begins at 9 a.m.The sale includes 102 parcels totaling 174,021 acres. The parcels to be offered are in the Battle Mountain District, which includes the Mount Lewis and Tonopah Offices. The previous Battle Mountain District sale was held on June 11, 2013. That sale generated $795,056.50, selling 39 parcels covering 64,324.13 acres through competitive and non-competitive sales.A complete summary of the parcels to be offered, a GIS shapefile and other documents related to the sale are available online at the BLM Nevada Oil & Gas Lease Sale website and at the Information Access Center at the BLM Nevada State Office.The BLM Nevada offers quarterly oil and gas sales. Parcels included are nominated by industry representatives well in advance of a sale. The BLM reviews each parcel location for any resource conflicts, which can result in stipulations placed on the parcel, deferral or partial deferral of a parcel. The next sale will be held September 9, 2014 and will include parcels in the Elko, Winnemucca and Carson City Districts.The lease is for a period of 10 years with annual rentals of $1.50 per acre for the first five years and $2 per acre after that until production begins. Once a lease is producing, a royalty of 12.5 percent is charged. Half of the bid and rental receipts go to the state of Nevada.
Source: U.S. Department of the Interior, Bureau of Land Management
