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RENO, Nev.—The U.S. Bureau of Land Management has sold leases for oil and gas drilling on more than 81,000 acres of federal land in Nevada for a total of about $373,000.
About $122,000 of that will go to the state—the same amount that will go to the U.S. Treasury.
The most expensive parcels in the latest round of sales to the highest bidders were sold in Elko County for $10 an acre. The Denver-based Energy West Corp. and the Las Vegas-based North Star Expeditions each bought just under 2,000 acres there for about $20,000.
Overall, the BLM had offered leases on 171 parcels of land covering more than 305,000 acres. The agency sold 45 of those parcels for the total of $372,897.
