BLM Geothermal Leases in Oregon Sale Net More Than $430,000
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BLM Geothermal Leases in Oregon Sale Net More Than $430,000
VALE, Ore. — The Bureau of Land Management leased two parcels in Malheur County totaling 5,235 public acres for $430,518. The sale generated an average of $82 per acre in total receipts, which was the most per acre revenue generated from a BLM geothermal lease sale in Oregon in recent history. For each parcel leased, 50 percent of the combined bid, rental receipts, and subsequent royalties will go to the State of Oregon, 25 percent will go to Ma…
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