November mineral lease sale brings approximately $6.5 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 $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.

CLASSIFICATION	NOMINATED 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.