A June geothermal lease sale held in New Mexico by the Bureau of Land Management netted more than $16.5 million, making it the second-highest-grossing sale in BLM history, while the top bid set a federal record of $701 per acre.
Forty-seven parcels sold at an average of $107 per acre, more than triple the $32 per acre average recorded in Nevada’s October 2025 sale, according to Enverus Intelligence Research. Only 17% of parcels sold at the $2-per-acre minimum bid, down from 76% in 2019, as competition increased for geothermal sites with stronger development potential, EIR said.
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