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State Mineral and Energy Board announces results of May Lease Sale

Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, May 12, 2021 remotely via Zoom conference. 

The Board collected $278,950 in bonus revenue for the May lease sale. The current 2020-2021 total bonus payment is approximately $6.28 million. At this month’s lease sale, there were 3 leases covering 351 acres sold. The leases were located in Caddo, Iberia and Vermilion parishes. 

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

May 2021 Lease Sale Results