Thursday, August 12, 2010

August LA Lease Sale: Average North LA Bonus $5,734

The monthly lease auction by the Louisiana Mineral Board had a number of north Louisiana parcels prospective for the Haynesville Shale.  Because the sale featured many parcels that were outside the established hot drilling areas, often on land where there are no Haynesville units,  the bonuses weren't terribly large.  The average lease bonus for the auction of these properties was $5,734, but the weighted average (based on acreage) was $3,623, as shown on the table below.

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