The Louisiana Mineral and Energy Board conducted its August lease sale last Wednesday and collected more than $647,000 in bonuses, making the total collected for fiscal year 2011-2012 more than $4.8 million. For the calendar year the total is more than $28.9 million.

At the latest sale the board awarded 17 leases covering more than 1,680 acres, out of 39 nominated tracts covering more than 44,000 acres. The board sold leases in Avoyelles, Calcasieu, De Soto, Evangeline, Iberville, Natchitoches, Plaquemines, Pointe Coupee, Red River, St. Charles and St. Landry parishes. Of 17 tracts awarded, three were in North Louisiana and 14 were located in the southern parishes.

One month ago in the July lease sale the board collected more than $4.2 million in bonuses. Then it awarded 54 leases covering more than 6,000 acres, out of 79 nominated tracts covering more than 37,000 acres. Leases were sold in Acadia, Allen, Avoyelles, Beauregard, Bossier, Caddo, Calcasieu, Cameron, Claiborne, De Soto, East Feliciana, Jefferson, Jefferson Davis, Lafayette, Plaquemines, Sabine, St. Helena, St. Mary, Union and Vermilion parishes. Of 54 tracts awarded, 26 were in North Louisiana and 28 were in the southern parishes.

Last year the Louisiana Mineral and Energy Board’s monthly lease sale in August collected more than $3.7 million in bonuses (see Daily GPI, Aug. 17, 2010).

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