State Mineral and Energy Board reports on July Lease Sale

BATON ROUGE- The State Mineral and Energy Board conducted its monthly meeting and lease sale Wednesday, July 11th in the LaBelle Room of the LaSalle Office Building in Baton Rouge. The Board collected $498,136. in bonuses in the July lease sale, making this the total collected for the start of the new Fiscal Year 12-13. 

 

At this month’s lease sale, the Board awarded 12 leases covering more than 1,534 acres, out of 28 nominated tracts covering more than 16,136 acres.

 

The Board sold leases in Allen, Avoyelles, Bossier, Caddo, Catahoula, Jefferson, Lafourche, Plaquemines, Terrebonne, and West Baton Rouge.

http://dnr.louisiana.gov/assets/docs/mineral/minboard/July.2012.Lea...

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Permalink Reply by JHH on July 18, 2012 at 11:39

Where do you find out the lease terms... % royalty... lease bonus... broken down by parish... and specific locations?  thanks

Permalink Reply by adubu on July 18, 2012 at 14:18

JHH-- lease bonus easy to calculate 498,136/1543= $322.83 per net acres

Permalink Reply by Skip Peel - Mineral Consultant on July 18, 2012 at 15:13

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