Server Time (CDT): Mar. 29, 8:15:28a

NV-17-10-003

Washoe County, NV
BLM Nevada Geothermal Lease Sale, October 24, 2017

SOLD

Property Schedule

Due Diligence Began 8/29/2017
Bidding Started 10/24/2017
Bidding Ended 10/24/2017 11:04 AM

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NV-17-10-003

Acres:

40.00

Time Remaining:

Auction has ended

Start Time:

10/24/2017 8:04 AM PDT / 10:04 AM CDT

End Time:

10/24/2017 9:04 AM PDT / 11:04 AM CDT

Your Bid:

-

Highest Bid:

$2/acre

Starting Bid:

$2/acre

Bid Increment:

$1

Total Cost at Highest Bid:

$321.20
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NV-17-10-003

County, State

Washoe, NV

Legal Description

T.0180N, R.0200E, 21 MDM, NV
Sec. 028 SWSW;

Area/Project

Carson City DO

Acres

40.00

Rental (1st Year)

$80.00

Royalty

1.75%

Administrative Fee

$160.00

Additional Information

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:
  • NV-B,C,E,W-06-A-LN
  • NV-B,C,E,W-06-C-LN
  • NV-B,C,E,W-07-A-LN
  • NV-B,C,E,W-13-A-LN
  • NV-C-15-A-LN
  • NV-C-18-A-NSO
  • NV-C-18-B-LN

SUCCESSFUL BIDDER NOTIFICATION

After all auctions have closed, the successful bidder will be notified via email with closing instructions, including total amount due.

BUYER PREMIUM

A 1.5% Buyer Premium, calculated as 1.5% of the total bonus, will be added to the cost of this lease.


CONTACT INFORMATION


BLM Nevada - Geothermal

(775) 861-6515
Email: nvsoweb@blm.gov

EnergyNet

John S. Munroe
VP of Engineering / Government Lease Sales
(832) 403-3122
Email: John.Munroe@energynet.com

Gus Rivero
Manager of Government Lease Sales
(806) 463-3616
Email: Gus.Rivero@energynet.com

Brandon Savage
Asst Manager of Government Lease Sales
(806) 463-3621
Email: Brandon.Savage@energynet.com


Bid History (Top 10)

Bidder

Placed

Amount

Bidder #6

10/24/2017 10:04:09 AM

$2