Monday, June 14, 2010

June Louisiana State Mineral Board Lease Results

The Louisiana State Mineral Board held its monthly lease sale last week.  A number of Haynesville area properties were on the block.  There were eight leases awarded for Haynesville area properties (that may or may not include land prospective for the Haynesville Shale), while five leases received no bids.  The average bid lease bonus was $6,848, but that was dragged down by a low bid for some property in Sabine Parish that is marginally prospective for the the Haynesville, if at all.  The weighted average lease bonus was $7,710.

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