RENO. — The Bureau of Land Management (BLM) is holding a competitive oil and gas lease sale on Tuesday, July 30, 2019. The agency will offer 200 parcels for lease totaling 389,334.04 acres in Eureka, Elko, Lander, Nye and White Pine counties in north central Nevada. The BLM will hold the lease sale online at www.energynet.com.
The open bidding period will begin at 7 a.m. Pacific Standard Time (PST), on Tuesday, July 30, 2019.
Each parcel will have its own unique open bidding period, with start and stop times clearly identified on the auction website.
The open bidding period for each parcel will run for one hour from start to finish, and bids will only be accepted during a parcel’s open bidding period.
Parcels may be viewed online at the EnergyNet website approximately 10 business days after the posting of this sale notice on the BLM website.
This sale complies with the terms of a Preliminary Injunction issued by the U.S. District Court of Idaho in W. Watersheds Project v. BLM (No. 1:18-cv-00187-REB), which required lengthier comment periods on environmental compliance documents associated with parcels that intersect Priority or General Habitat Management Areas for Greater Sage-Grouse.
Responsible energy development includes consideration of parcels nominated for leasing as well as potential resource impacts for each parcel. Additional environmental review will take place during processing of an Application for Permit to Drill, when site-specific Conditions of Approval will be placed on the permit in addition to the stipulations already attached to the lease at the time of sale.
The sale results will be posted on the www.energynet.com website and the BLM Nevada State Office website http://www.blm.gov/nv/st/en/prog/minerals/leasable_minerals/oil___gas/oil_and_gas_leasing.html.
Paper copies are available for viewing or purchase at the BLM Nevada State Office Information Access Center. The next oil and gas sale is scheduled for Sept. 10, 2019.
By statute, the BLM is required to offer quarterly oil and gas leases sales of available Federal lands. BLM state offices conduct lease sales quarterly when parcels are available for lease.
These lease sales represent parcels that cleared environmental review and public comment. The BLM issues both competitive and non-competitive leases for a 10-year period.
The leases are a contract to explore and develop any potential oil and gas. The leases may earn an extension if the lessee establishes production, otherwise they pay annual rentals.
The BLM generated a record $1.1 billion from 28 oil and gas lease sales in Fiscal Year (FY) 2018. The oil and gas industry on public lands in Nevada contributed $3.1 million in total economic output in FY 2019.
Revenues from onshore oil and gas production on federal lands directly fund the U.S. Treasury, state budgets and support public education, infrastructure improvements, and other state-determined priorities. Nearly half the bid and rental receipts from lease sales go to the state of Nevada.