BLM auctions oil leases

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The quarterly oil and gas lease sale by the Bureau of Land Management in Reno last week brought in $430,321 in bonus bids.

BLM offered 229 parcels totaling 443,329 acres, and sold 81 of them totaling 155,131 acres.

The highest-valued parcel brought in $32,940, and the highest bid per acre was $53. The parcels were mostly in Elko County.

At its September sale, BLM received $366,308 in bonus bids for 68,498 acres.

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