Monday, March 15, 2010

LA Mineral Board March Lease Auction Results

The Louisiana Mineral Board held its monthly sale of state mineral leases last week. For the seven properties in the Haynesville Shale region, the winning bids varied from $1,850/acre to $18,214/acre, but the average lease bonus was $9,502 across the seven parcels.  All winning bids included a 25% royalty.

The average lease bonus is slightly lower than the average for February ($10,871) and January ($9,807), but it is difficult to compare results because the quality and quantity of lands being autioned varies from month to month.  The main take-away is that the average bonuses have been in the $9,500 to $10,800 range for the past three months, which is a fairly tight range.  Please keep in mind that the bids listed below were the highest bids and therefore the winning bids. Other bids may have come in lower.

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