The BLM offered 44 parcels encompassing 78,307 acres. The highest bid parcel sold for $5 per acre and is located in Nye County. The leases are for a period of 10 years with annual rentals of $1.50 per acre for the first five years and $2 an acre after that until production begins.
Once a lease is producing, a royalty of 12.5 percent is charged.
The BLM received $3,838 in bonus bids in the September quarterly competitive sale with two parcels sold. Each parcel received a $2 per acre bid and both parcels are in Nye County.
A complete listing of the parcels offered and the winning bidders is available at www.blm.gov/nv/. The next sale is scheduled for March 9, 2010.
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