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State Mineral and Energy Board announces results of February Lease Sale

Thursday, February 13, 2020

Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, February 12, 2020 in the LaBelle Room of the LaSalle Office Building in Baton Rouge. 

The Board collected $109,490 in bonus revenue for the February lease sale. The current 2019-2020 total bonus payment is approximately $1.58 million. At this month’s lease sale, there were 2 leases covering 506 acres sold. The leases were located in Plaquemines and Terrebonne parishes. 

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

February 2020 Lease Sale Results

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