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Mineral and Energy Board announces results of February Lease Sale

Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale Wednesday, Februaryb 13 2019 in the LaBelle Room of the LaSalle Office Building in Baton Rouge. 

The Board collected $2.94 million in bonus revenue for the February lease sale. The current 2018-2019 total bonus payment is approximately $12.4 million. At this month’s lease sale, there were 3 leases covering 3,692 acres. The leases were located in East Feliciana and Lincoln parishes. 

The total bonus payments to the state for the previous fiscal year, 2017-2018, amounted to $4.6 million.