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 8: Award of State and State Agency Mineral Leases and Options at the State Mineral Lease Sale

C. Competitive Bidding

If all bids on a state or state agency tract are rejected, the Board may, at its discretion, publicly open the floor and offer for competitive bidding a lease upon all or any designated part of the land advertised, upon terms appearing most advantageous to the state. This offer shall be subject to Board’s right to reject any and all bids. LSA-R.S. 30:127(E).