State Mineral and Energy Board

October mineral lease sale brings $2.6 million for state

The Louisiana 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 $2.6 million in bonuses in the October sale. For the fiscal year, the total is $12 million. The state’s lease sale total for the calendar year is approximately $41.5 million.

At this month’s lease sale, the board awarded 28 leases covering more than 3,000 acres, out of 46 nominated tracts covering 26,701 acres.

The Board sold leases in Acadia, Assumption, Bossier, Caddo, Cameron, DeSoto, East Carroll, Iberia, Lafourche, LaSalle, Plaquemines, Rapides, and Sabine parishes. 

Of the 28 leases awarded, 18 were in north Louisiana and 10 were located in the southern parishes.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale October 13, 2010
State Offshore Leases	0	0.000	0	0.000	$0.00
State Onshore Leases	34	14,575.883	22	2,912.223	$2,461,977.65
State Dedicated Leases	6	12,036.050	0	0.000	$0.00
State Agency Leases	6	90.054	6	90.054	$139,488.78
Total Sale	46	26,701.987	28	3,002.277	$2,601,466.43
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	12	16,209.740	7	4,822.290	$970,325.21
State Onshore Leases	108	71,765.232	70	6,804.034	$6,736,449.95
State Dedicated Leases	7	12,933.050	0	0.000	$0.00
State Agency Leases	30	1,134.770	23	632.957	$4,329,830.41
Total Year to Date	157	102,042.792	100	12,259.281	$12,036,605.57
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