Thursday, April 15, 2010

April Louisiana Lease Sale Average Bid: $8,108

The Minerals Management Board held its monthly lease sale of state and governmental agency owned land yesterday.  There were 15 parcels representing 277 acres in Bossier and Caddo Parish that seemed to have Haynesville implications.  Those leases went to Classic Petroleum, Questar and Merlin Oil & Gas for an average bid of $8,108.  The weighted average was $9,458.  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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