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July mineral lease sale brings approximately $4.5 million
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 $4.5 million in bonuses in the July sale. For the calendar year, the total is $31 million.
At this month’s lease sale, the board awarded 25 leases covering more than 1380 acres, out of 29 nominated tracts covering 2,924 acres.
The Board sold leases in Bienville, Caddo, Calcasieu, Cameron, Iberia, Iberville, Natchitoches, Plaquemines, Sabine and St. Mary parishes. Of the 25 tracts awarded, 12 were in north Louisiana and 13 were located in the southern parishes.
| CLASSIFICATION | NOMINATED TRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
|
Lease Sale July 14, 2010 |
|||||
| State Offshore Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 18 | 2,197.799 | 15 | 968.028 | $1,121,626.74 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 11 | 726.330 | 10 | 412.677 | $3,474,828.58 |
| Total Sale | 29 | 2,924.129 | 25 | 1,380.705 | $4,596,455.32 |
| 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 | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 18 | 2,197.799 | 15 | 968.028 | $1,121,626.74 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 11 | 726.330 | 10 | 412.677 | $3,474,828.58 |
| Total Year to Date | 29 | 2,924.129 | 25 | 1,380.705 | $4,596,455.32 |
| 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. | |||||