State Mineral and Energy Board

State Mineral and Energy Board holds May lease sale

Thursday, May 13, 2010

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 $1.8 million in bonuses in the May sale, bringing the total collected for FY 09-10 to more than $55.3 million. For the calendar year, that total is $20.4 million.

At this month’s lease sale, the board awarded 17 leases covering more than 4,380 acres, out of 63 nominated tracts covering 61,447 acres.

The Board sold leases in 11 parishes – Assumption, Bienville, Bossier, Caddo, Calcasieu, Cameron, East Baton Rouge, Lafourche, Plaquemines, St. Mary and Vermillion. Of the 17 leases sold, the majority were sold in south Louisiana, with 14 leases sold in southern parishes and 3 in north Louisiana.

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

Lease Sale May 12, 2010
State Offshore Leases 4 6,270.370 2 684.260 $240,175.26
State Onshore Leases 39 40,461.660 10 2,909.196 $1,143,349.69
State Dedicated Leases 6 14,255.000 2 748.000 $362,935.20
State Agency Leases 14 460.188 3 39.418 $73,697.25
Total Sale 63 61,447.218 17 4,380.874 $1,820,157.40
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 56 85,726.700 18 10,283.982 $4,566,241.48
State Onshore Leases 267 188,765.298 146 19,890.430 $17,240,337.59
State Dedicated Leases 19 36,576.900 10 3,941.660 $1,679,527.49
State Agency Leases 111 5,327.990 92 4,243.483 $31,857,590.21
Total Year to Date 453 316,396.888 266 38,359.555 $55,343,696.77
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

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