State Mineral and Energy Board

November mineral lease sale brings approximately $2.6 million

The state Mineral and Energy Board on Thursday conducted its monthly lease sale in the LaBelle Room of the LaSalle Office Building in Baton Rouge.

The board collected more than $2.6 million in bonuses in the sale, bringing the total collected for the financial year that began July 1 to more than $25.3 million.

In all, 13 leases covering more than 1,380 acres were awarded, out of 23 nominated tracts covering more than 19,700 acres in the November sale.

The Board sold leases in 10 parishes - Caddo, Calcasieu, Iberia, Lafourche, Red River, Plaquemines, Sabine, St. Mary, Terrebonne and Vermilion.  Of the 13 leases sold, 2 were in north Louisiana and the remaining 11 were located in the southern part of the state.

One of the two north Louisiana leases was sold in the area of the Haynesville Shale natural gas formation - touching on Caddo and Red River parishes. The lease bonus for that sale was $26,000 an acre.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale November 12, 2009
State Offshore Leases	2	4,196.940	0	0.000	$0.00
State Onshore Leases	22	15,517.850	13	1,382.026	$2,654,003.67
State Dedicated Leases	0	0.000	0	0.000	$0.00
State Agency Leases	1	40.000	0	0	$0.00
Total Sale	23	19,754.790	13	1,382.026	$2,654,003.67
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.
2009-2010 Fiscal Year
State Offshore Leases	27	44,667.310	6	3,626.592	$1,108,472.61
State Onshore Leases	94	50,730.036	57	4,429.212	$8,142,256.28
State Dedicated Leases	2	3,075.000	1	744.000	$260,400.00
State Agency Leases	41	2,615.230	37	2,163.890	$15,864,730.21
Total Year to Date	164	101,087.576	101	10,963.694	$25,375,859.10
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.