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State Mineral and Energy Board announces results of August Lease Sale

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

The Board collected $282,875 in bonus revenue for the August lease sale. The current 2020-2021 total bonus payment is approximately $1.8 million. At this month’s lease sale, there were 2 leases covering 226 acres sold. The leases were located in Caddo and Desoto parishes. 

The total bonus payments to the state for the previous fiscal year, 2019-2020, amounted to $2.6 million.

August 2020 Lease Sale Results