State Mineral and Energy Board

July mineral lease sale brings approximately $4.5 million

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 $4.5 million in bonuses in the July sale. For the calendar year, the total is $31 million.

At this month’s lease sale, the board awarded 25 leases covering more than 1380 acres, out of 29 nominated tracts covering 2,924 acres.

The Board sold leases in Bienville, Caddo, Calcasieu, Cameron, Iberia, Iberville, Natchitoches, Plaquemines, Sabine and St. Mary parishes.  Of the 25 tracts awarded, 12 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 July 14, 2010
State Offshore Leases	0	0.000	0	0.000	$0.00
State Onshore Leases	18	2,197.799	15	968.028	$1,121,626.74
State Dedicated Leases	0	0.000	0	0.000	$0.00
State Agency Leases	11	726.330	10	412.677	$3,474,828.58
Total Sale	29	2,924.129	25	1,380.705	$4,596,455.32
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.
2010-2011 Fiscal Year
State Offshore Leases	0	0.000	0	0.000	$0.00
State Onshore Leases	18	2,197.799	15	968.028	$1,121,626.74
State Dedicated Leases	0	0.000	0	0.000	$0.00
State Agency Leases	11	726.330	10	412.677	$3,474,828.58
Total Year to Date	29	2,924.129	25	1,380.705	$4,596,455.32
NOTE: The Fiscal 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.

2010 Calendar Year - Mineral Lease Sale figures