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
   
A. Summary of the Lease Contract Issuance and Execution Process

The Office of Mineral Resources assigns state and state agency mineral lease numbers to the bids accepted by the State Mineral & Energy Board at the state mineral lease sale, technically examines the successful bid acreage to confirm whether there is more or less state or state agency acreage than the amount bid on and, if necessary, adjusts the cash payment, Ten Percent (10%) Leasing Fee, Thirty Dollars ($30.00) Per Acre Payment, annual rental, and deferred development accordingly, prepares the lease contracts, and circulates the final contracts of lease for execution, proper recordation in the appropriate parish public records, and timely return within twenty (20) days for filing in the official state mineral lease files and, if a state agency mineral lease, for forwarding to the appropriate state agency for filing in its official files.