Office of Mineral Resources

Leasing Manual

How to Acquire a Mineral Lease on State and State Agency Lands and Water Bottoms in the State of Louisiana

 

Step 9: Issuance and Execution of State and State Agency Mineral Lease Contracts after the State Mineral Lease Sale

B. Payment of the Ten Percent (10%) Leasing Fee and the Thirty Dollars ($30.00) Per Acre Payment

Previous policy provided that the bidder whose bid was accepted and to whom the lease was awarded had ten (10) days after acceptance of the bid and awarding of the lease to submit the Ten Percent (10%) Leasing Fee and Thirty Dollars ($30.00) Per Acre Payment. This policy has been changed. The current policy is to require each bidder to submit the Ten Percent (10%) Leasing Fee and Thirty Dollars ($30.00) Per Acre Payment with his bid. If technical examination of the successful bid acreage reveals that there is more or less state or state agency acreage than the amount bid on, then the Ten Percent (10%) Leasing Fee and Thirty Dollars ($30.00) Per Acre Payment (along with the cash payment, annual rental, and deferred development) shall be adjusted accordingly.