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State Mineral and Energy Board announces results of September Lease Sale
Baton Rouge- The Louisiana Mineral and Energy Board conducted its monthly meeting and lease sale on Wednesday, September 11, 2019 in the LaBelle Room of the LaSalle Office Building in Baton Rouge.
The Board collected $138,618 in bonus revenue for the July lease sale. The current 2019-2020 total bonus payment is approximately $694,111. At this month’s lease sale, there were 5 leases covering 575 acres. The leases were located in Natchitoches, Red River, Plaquemines and Vermilion parishes.
The total bonus payments to the state for the previous fiscal year, 2018-2019, amounted to $14.1 million.