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NV-20-10-014

Mineral County, NV
BLM Nevada Geothermal Lease Sale, October 20, 2020

AUCTION NOT YET STARTED

Registration Status:

Please log in as a buyer to view registration status.

Your Bid Status:

Parcel:

NV-20-10-014

Acres:

2,600.00

Time Remaining:

20D 2H 53M 34S

Start Time:

10/20/2020 11:12 AM CDT / 9:12 AM PDT

End Time:

10/20/2020 12:12 PM CDT / 10:12 AM PDT

Your Bid:

-

Highest Bid:

-

Starting Bid:

$2/acre

Bid Increment:

$1

Total Lease Cost at Starting Bid:

$10,648
(Bonus + Agency Fees + Advanced Rental + 1.5% Buyer Premium)

Legal Description:

Parcel Details

Parcel

NV-20-10-014

County, State

Mineral, NV

Legal Description

T.0050N, R.0300E, 21 MDM, NV
Sec. 011 ALL;
Sec. 012 NWNE,W2;
Sec. 013 W2NW,W2SW;
Sec. 014 ALL;
Sec. 023 ALL;
Sec. 026 W2NE,W2SE;

Acres

2,600.00

Rental (1st Year)

$5,200.00

Royalty

1.75%

Administrative Fee

$170.00

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)].

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. See Sale Notice for stipulation details.

THIS TRACT IS SUBJECT TO THE FOLLOWING LEASE STIPULATIONS:

  • NV-B,C,W-00-A-LN
  • HTG2012-S-01
  • HTG2012-NSO-01
  • HTG2012-NSO-02
  • HTG2012-NSO-03
  • HTG2019-NSO-09
  • HTG2012-TL-02
  • HTG2012-TL-03
  • HTG2012-CSU-03
  • HTG2012-CSU-07

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 20 percent of the bonus bid; the first yearís advance rental of $2.00 per acre or fraction of an acre; and a non-refundable administrative fee of $170.00, 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 Nevada Contact Information

Hanna Fritz Land Law Examiner

Email
hfritz@blm.gov

Phone
(775) 861-6537

EnergyNet Point of Contact

Government Resources

Email
government@energynet.com

Office
(877) 351-4488