BLM receives oil, gas lease bids in Nevada |

BLM receives oil, gas lease bids in Nevada

The Bureau of Land Management received bids on oil and gas leases in Nevada that brought in $39,120 in an online auction held on Tuesday, Sept. 12.

Three parcels in Nye County, encompassing approximately 3,680 acres in the Battle Mountain District, were offered during the September quarterly oil and gas lease sale. Bids were received on all three parcels, totaling all 3,680 acres offered.

Federal Abstract Company of Santa Fe, N.M., was the highest bidder, paying $9 per acre for all three parcels. The state of Nevada receives 49 percent of the proceeds of each lease sale.


Support Local Journalism

Readers around Lake Tahoe, Truckee, and beyond make the Sierra Sun's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.