State Mineral and Energy Board

May mineral lease sale brings approximately $3.7 million

Wednesday, May 13, 2009

The state Mineral 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 $3.7 million in bonuses in the sale, bringing total collections on mineral leases for the financial year that began July 1, 2008 to $198.6 million.

In all, 30 leases covering 11,306 acres were awarded, out of 62 nominated tracts covering 47,678 acres.

The Board sold leases in 12 parishes - Calcasieu, East Baton Rouge, Iberville, Jefferson, Lafourche, LaSalle, Ouachita, Plaquemines, Richland, St. Martin, Terrebonne and West Baton Rouge. The majority of activity in the April lease sale was in south Louisiana, with 26 of the 30 tracts leased located in the southern end of the state.

Of the 30 leases sold, 19 were located in the coastal parishes of Jefferson, Lafourche Plaquemines and Terrebonne.

CLASSIFICATION NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS

Lease Sale May 13, 2009
State Offshore Leases 0 0.000 0 0.000 $0.00
State Onshore Leases 56 46,907.870 28 10,667.490 $3,662,525.82
State Dedicated Leases 3 145.000 1 27.000 $4,050.00
State Agency Leases 3 625.499 1 612.000 $91,800.00
Total Sale 62 47,678.369 30 11,306.490 $3,758,375.82
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.
         
2008-2009 Fiscal Year          
State Offshore Leases 101 159,704.909 36 12,710.680 $6,004,173.54
State Onshore Leases 604 551,873.086 265 59,664.072 $135,274,605.38
State Dedicated Leases 83 142,347.320 11 2,968.930 $1,431,789.21
State Agency Leases 224 25,269.312 45 4,231.212 $55,951,980.93
Total Year to Date 1012 879,194.627 357 79,574.894 $198,662,549.06
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.

 

 

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