BLM auctions parcels for geothermal
The Bureau of Land Management last
week auctioned off 16 tracts of geothermal
land in northern Nevada.
The auction garnered $311,159 for
31,094 acres of land in what the agency calls
Known Geothermal Resource Areas. The
parcels were in Brady, Dixie Valley and New
The seven successful bidders included
Prescoe Energy, which purchased two
parcels for a total of $155,868.36. Other
buyers were George Vrame, Ormat Nevada,
Far West Energy, Amor II Corp. and NGP
According to BLM, nine power plants
currently use federal geothermal resources in
the state. Since 1986, they’ve produced 15
million megawatt hours of electricity valued
at more than a $1 billion.
The cancelation of the 2020 event “severely affected operating revenue,” according to the Great Reno Balloon Race.