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December mineral lease sale brings approximately $2.3 million
Baton Rouge—The state Mineral and Energy Board on Wednesday conducted its monthly lease sale in the LaBelle Room of the LaSalle Office Building in Baton Rouge.
The board collected more than $2.3 million in bonuses in the December sale, bringing the total collected for FY 10-11 to more than $21.1 million. For the calendar year, that total is more than $47 million.
At this month’s lease sale, the board awarded 20 leases covering more than 4,300 acres, out of 51 nominated tracts covering more than 14,300 acres.
The Board sold leases in Acadia, Allen, Bienville, Cameron, Jefferson, Plaquemines, Sabine and Terrebonne parishes. Of the 20 tracts awarded, seven were in north Louisiana and 13 were located in the southern parishes.
CLASSIFICATION | NOMINATED TRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
---|---|---|---|---|---|
Lease Sale December 8, 2010 |
|||||
State Offshore Leases | 6 | 4,429.370 | 2 | 344.321 | $120,301.26 |
State Onshore Leases | 22 | 8,487.140 | 10 | 3,472.910 | $2,029,507.65 |
State Dedicated Leases | 12 | 472.850 | 0 | 0.000 | $0.00 |
State Agency Leases | 11 | 1,002.673 | 8 | 491.253 | $224,635.83 |
Total Sale | 51 | 14,392.033 | 20 | 4,308.484 | $2,374,444.74 |
NOTE: The totals for this sale do not reflect any options that may be exercised or revisions to acreage and cash amounts that may take place after this sale date which may cause these totals to change. | |||||
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2010 - 2011 Fiscal Year | |||||
State Offshore Leases | 31 | 39,606.890 | 10 | 5,911.561 | $1,362,533.22 |
State Onshore Leases | 146 | 92,876.782 | 92 | 11,685.504 | $14,127,631.86 |
State Dedicated Leases | 19 | 13,405.900 | 0 | 0.000 | $0.00 |
State Agency Leases | 62 | 3,071.208 | 38 | 1,557.930 | $5,618,103.89 |
Total Year to Date | 258 | 148,960.780 | 140 | 19,154.995 | $21,108,268.97 |
NOTE: The 2010 Calendar Year totals include this sale totals and also options exercised and revisions to acreage and cash amounts that may have taken place from the date of the last sale to this state lease sale. |
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