SOLD
Registration Status:
Please log in as a buyer to view registration status.
Your Bid Status:
You have not bid on this lot
Parcel:
NV-19-09-027
Acres:
640.00
Time Remaining:
Auction has ended
Start Time:
9/17/2019 9:56 AM PDT / 11:56 AM CDT
End Time:
9/17/2019 10:56 AM PDT / 12:56 PM CDT
Your Bid:
-
Highest Bid:
$9/acre
Starting Bid:
$2/acre
Bid Increment:
$1
Total Cost at Highest Bid:
$7,291.40
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)
Legal Description:
T.0010S, R.0400E, 21 MDM, NV
Sec. 024 ALL;
Parcel Details
Parcel
NV-19-09-027
County, State
Esmeralda, NV
Legal Description
T.0010S, R.0400E, 21 MDM, NV
Sec. 024 ALL;
Area/Project
Battle Mountain DO
Acres
640.00
Rental (1st Year)
$1,280.00
Royalty
12.50%
Administrative Fee
$165.00
Lease Terms and Conditions
All bidding and lease sale on BLM parcels listed on this website shall be subject to the statutes, administrative rules and regulations of the BLM per the authority of the Mineral Leasing Act of 1920 as amended and the Mineral Leasing Act for Acquired Lands of 1947, as amended.
Geothermal leases have a primary term of 10 years and subsequent extensions thereof in accordance with 43 CFR subpart 3207. Advance rental at $2.00 for the first year; $3.00 for the second through tenth year; thereafter $5.00 is due on or before the anniversary date each year until production begins. Royalty rates for geothermal resources produced for the commercial generation of electricity but not sold in an arm’s length transaction are: 1.75 percent for the first 10 years of production and 3.5 percent after the first 10 years. The royalty rate is to be applied to the gross proceeds derived from the sale of electricity in accordance with 30 CFR part 206 subpart H. You will find other lease terms on our standard lease form (Form 3200-24a, October 2008).
Lease Stipulations
Stipulations are part of the lease and supersede any inconsistent provisions of the lease form. Some parcels are subject to surface use stipulations. They are requirements or restrictions on how you conduct operations. They become part of the lease and supersede any inconsistent provisions in the lease form. The stipulations can be found by clicking here.
THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:
Successful Bidder Notification
After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.
On the day of the sale, you must pay at least the minimum bonus bid of 20 percent of the bid ; the first year's advance rental of $2 per acre or fraction of an acre; and a non-refundable administrative fee of $165, to the BLM State Office by the close of business.
Buyer Premium
A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.
BLM Colorado Contact Information
Email
nvsoweb@blm.gov
Phone
(775) 861-6515
EnergyNet Points of Contact
VP, Government Resources
Gus Rivero
Email
Gus.Rivero@energynet.com
Office
(806) 463-3616
Managing Director, Government Resources
Brandon Savage
Email
Brandon.Savage@energynet.com
Office
(806) 463-3621
Transaction Manager
Heather Fugger
Email
Heather.Fugger@energynet.com
Office
(806) 463-3619
Global Markets Strategic Analyst
Anastasia Rademaekers
Email
Anastasia.Rademaekers@energynet.com
Office
(806) 463-3635
Bid History (Top 10)
Bidder
Placed
Amount
Bidder #13
9/17/2019 12:53:55 PM
$9
Bidder #5
9/17/2019 12:55:24 PM
$8
Bidder #13
9/17/2019 12:53:55 PM
$7
Bidder #5
9/17/2019 12:54:53 PM
$6
Bidder #13
9/17/2019 12:51:10 PM
$5
Bidder #5
9/17/2019 12:53:19 PM
$4
Bidder #13
9/17/2019 12:03:33 PM
$3
Bidder #5
9/17/2019 11:56:23 AM
$2