60°F
weather icon Clear

Nye County included in BLM to hold oil and gas lease sale

The U.S. Bureau of Land Management (BLM) is holding a multi-day competitive oil and gas lease sale beginning on Dec. 17 as part of an event that includes Nye County, the agency announced.

The agency will offer 272 parcels for lease totaling approximately 468,815 acres in Nye, Lincoln and White Pine counties in Nevada. The BLM will hold the lease sale online at www.energynet.com

The open bidding period for each day will begin at 7 a.m. Pacific time. 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.

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 2018. The oil and gas industry on public lands in Nevada contributed $3.1 million in total economic output in fiscal year 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.

Don't miss the big stories. Like us on Facebook.
THE LATEST
New scams target census, virus stimulus package

As the pubic health crisis surrounding the novel coronavirus continues to have an impact on the country and our local communities, new reports of fraudulent activity connecting the 2020 census and a proposed economic stimulus package have surfaced.

Sisolak activates National Guard to help fight COVID-19

Gov. Steve Sisolak joined Major General Ondra L. Berry on Thursday to announce the activation of the Nevada National Guard among other measures the state has taken during the COVID-19 virus.

Sisolak submitted a formal request to President Donald Trump for a major disaster declaration

Gov. Steve Sisolak on Tuesday submitted a formal request to President Donald Trump for a Major Disaster Declaration for the State of Nevada. If approved, this declaration will provide additional federal assistance and emergency protective measures available under the nationwide emergency proclamation.

Sisolak extends ‘Stay at Home’ order through April

Gov. Steve Sisolak on Wednesday formally issued a “Stay at Home” directive for Nevadans and extended the nonessential business, gaming and school closures and all other directives issued under the Emergency Declaration to April 30.

April 1 is census day

Today is “Census Day,” and though minds all around America are occupied by concerns regarding the novel coronavirus, the U.S. Census Bureau is continuing its efforts to conduct this constitutionally-mandated decennial process. Census officials are urging everyone residing in the U.S., regardless of citizenship, to make sure they and their families are included in this most important count.

Man accused of making bomb threat arrested

When a Pahrump resident could not get logged on to his home computer, he decided to make a phone call to Valley Electric Association at approximately 9 p.m., on Tuesday, March 24.

Deputy recovering from injuries

A Nye County Sheriff’s Office detective is recovering after being shot while investigating a stabbing.

Fire extinguishes self but claims life of Pahrump man

Pahrump Valley Fire and Rescue Services crews responded to a series of structure fires within the past week, with at least one fatality reported.

Serenity Health partnering with Nye for COVID-19 testing

Testing for the novel coronavirus COVID-19 has been a point of major contention in recent weeks as states grapple to keep pace with demand and though testing supplies are being stretched thin, Serenity Health, through its lab, has managed to secure enough kits to partner with Nye County to conduct drive-up testing in three local communities.