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November mineral lease sale brings approximately $6.5 million

Friday, November 12, 2010
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 $6.5 million in bonuses in the November sale, bringing the total collected for FY 10-11 to more than $18.7 million. For the calendar year, that total is more than $45 million.

At this month’s lease sale, the board awarded 19 leases covering more than 2,400 acres, out of 39 nominated tracts covering more than 32,000 acres.

The Board sold leases in Acadia, Allen, Bienville, Cameron, DeSoto, Lafayette Plaquemines, Red River and Terrebonne parishes.  Of the 19 tracts awarded, 10 were in north Louisiana and 9 were located in the southern parishes.

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

Lease Sale November 10, 2010

State Offshore Leases 13 18,967.780 1 744.950 $271,906.75
State Onshore Leases 16 13,251.780 12 1,620.580 $5,297,254.65
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases 10 306.395 6 120.030 $1,023,642.17
Total Sale 39 32,525.955 19 2,485.560 $6,592,803.57
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 Calendar Year          
State Offshore Leases 55 76,835.470 20 12,173.690 $4,668,269.34
State Onshore Leases 269 172,568.904 158 18,910.662 $24,649,577.18
State Dedicated Leases 26 48,606.470 6 2,480.390 $1,064,863.75
White Lake Leases 16 16,590.970 1 350.430 $123,351.36
State Agency Leases 106 3,667.457 78 2,206.042 $14,822,127.89
Total Year to Date 472 318,269.271 263 36,121.214 $45,328,189.52
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.

Editors: For more information on this news release, call the DNR Public Information Office at 225-342-0058.

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