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NV-19-09-131

Pershing County, NV
BLM Nevada Geothermal Lease Sale, September 17, 2019

AUCTION CANCELLED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

You have not bid on this lot

Parcel:

NV-19-09-131

Acres:

1,820.00

Time Remaining:

Auction has ended

Start Time:

9/17/2019 1:35 PM CDT / 11:35 AM PDT

End Time:

9/17/2019 2:35 PM CDT / 12:35 PM PDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$7,499.60
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NV-19-09-131

County, State

Pershing, NV

Legal Description

T.0310N, R.0320E, 21 MDM, NV
Sec. 012 ALL;
Sec. 024 ALL;
Sec. 036 E2NE, SENE, W2, SE;

Area/Project

Winnemucca DO

Acres

1,820.00

Rental (1st Year)

$3,640.00

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 armís 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,L,W-00-A-LN
  • NV-W-06-B-TL
  • NV-W-07-C-NSO
  • NV-W-07-D-NSO
  • NV-W-10-B-CSU
  • NV-W-11-D-NSO

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