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Geothermal lease sale in Nevada results in bids for 37 of 142 parcels

Snake Range mountain range in White Pine County, Nevada (source: flickr/ Ken Lund, creative commons)
Alexander Richter 18 Sep 2019

The geothermal lease sale for 142 parcels in the State of Nevada on 17 Sept. 2019 stayed behind expectations with bids received for only 37 of 142 parcels on offer, most selling at minimum price.

In conjunction with the GRC Annual Meeting in Palm Springs, California this week, the Bureau of Land Management (BLM) held an internet-based competitive sale of 142 parcels of certain Federal lands containing 387,032.47 acres in the State of Nevada for geothermal leasing via the EnergyNet auction website on Sept. 17, 2019. We reported on the sale announcement in August this year.

Reuters today reports that the sale stayed behind expectations.  Bids were received for only 26% of the parcels offered, with most selling at the minimum price of $2 per acre.

According to energy marketplace EnergyNet, which conducted the online sale, the BLM Nevada Geothermal Energy Lease Sale received bids for 37 parcels covering 102,402.85 acres. The sale high bids totaled $426,955.00. The results can be seen via the map provided on the EnergyNet website – Q3 2019 Geothermal Energy Sale

Source: Reuters