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June Mineral Lease Sale Results announced by Board
Tuesday, June 20, 2017
Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale Wednesday, June 14, 2017 in the LaBelle Room of the LaSalle Office Building in Baton Rouge.
The Board collected $76,944 in bonus revenue for the state in the June lease sale. The current FY 2016-17 total bonus payment amount is $1.9 million. At this month’s lease sale, there was three leases covering 196 acres. The leases were located in Beauregard, DeSoto, Iberia, and Natchitoches parish.
According to the Board, the total mineral bonus payments to the state for FY 2015-16 amounted to $5.5 million.
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