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May Mineral Lease Sale Results announced by Board

Baton Rouge-  The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale Wednesday, May 10, 2017 in the LaBelle Room of the LaSalle Office Building in Baton Rouge.

The Board collected $169,770 in bonus revenue for the state in the May lease sale. The current FY 2016-17 total bonus payment amount is $1.8 million. At this month’s lease sale, there was four leases covering 630 acres. The leases were located in Avoyelles and Plaquemines parish.

According to the Board, the total mineral bonus payments to the state for FY 2015-16 amounted to $5.5 million.

May Lease Sale Results