
Via the Geothermal Energy Association:
At its quarterly oil and gas lease auction, the BLM in Colorado will offer two parcels allotted for geothermal energy development. The sale is on February 9 at the BLM State Office, 2850 Youngfield Street, Lakewood, Colorado 80215; Telephone 303-239-3600.
Leases issue for a primary term of 10 years. Annual rental is $2 per acre for the first year (paid to BLM), $3 per acre for the second through tenth year, and $5 per acre per year thereafter. Once the site is producing for commercial generation, royalty rates are 1.75% for the first 10 years ..






