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State Mineral and Energy Board announces results of January Lease Sale

Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, Jan. 13, 2021 remotely via Zoom conference. 

The Board collected $452,000 in bonus revenue for the January lease sale. The current 2020-2021 total bonus payment is approximately $4.04 million. At this month’s lease sale, there were 3 leases covering 421 acres sold. The leases were located in Iberia, St. Martin and Red River parishes. 

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

January 2021 Lease Sale Results