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State Mineral and Energy Board announces results of December Lease Sale

Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, December 11, 2019 in the LaBelle Room of the LaSalle Office Building in Baton Rouge. 

The Board collected $344,171 in bonus revenue for the combined November-December lease sale. The current 2019-2020 total bonus payment is approximately $1.06 million. At this month’s lease sale, there were 13 leases covering 1,091 acres. The leases were located in Caddo, Lafourche, Natchitoches, Red River, Plaquemines, Terrebonne and Vernon parishes. 

The total bonus payments to the state for the previous fiscal year, 2018-2019, amounted to $14.1 million.

December 2019 Lease Sale Results