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State Mineral and Energy Board announces results of July Lease Sale
Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, July 10, 2019 in the LaBelle Room of the LaSalle Office Building in Baton Rouge.
The Board collected $555,493 in bonus revenue for the July lease sale. The current 2019-2020 total bonus payment is approximately $555,493. At this month’s lease sale, there were 9 leases covering 1,589 acres. The leases were located in Acadia, East Baton Rouge, DeSoto, Red River and St. Mary parishes.
The total bonus payments to the state for the previous fiscal year, 2018-2019, amounted to $14.1 million.