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State Mineral and Energy Board Holds August Meeting

Mineral Lease Sale Brings Approximately $647,000

Thursday, August 11, 2011

BATON ROUGE – The State Mineral and Energy Board conducted its monthly meeting and lease sale Wednesday in the LaBelle Room of the LaSalle Office Building in Baton Rouge.


The Board collected more than $647,000 in bonuses in the August sale, making the total collected for FY 11-12 more than $4.8 million.  For the calendar year, the total is more than $28.9 million. 


At this month’s lease sale, the Board awarded 17 leases covering more than 1,680 acres, out of 39 nominated tracts covering more than 44,000 acres.


The Board sold leases in Avoyelles, Calcasieu, De Soto, Evangeline, Iberville, Natchitoches, Plaquemines, Pointe Coupee, Red River, St. Charles and St. Landry parishes.  Of the 17 tracts awarded, 3 were in north Louisiana and 14 were located in the southern parishes.


August Lease Sale Results 


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