BLM receives oil, gas lease bids in Nevada | SierraSun.com

BLM receives oil, gas lease bids in Nevada

Staff Report
editor@sierrasun.com

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.