Thursday, September 16, 2010

LA Lease Auction: Average Haynesville Area Bonus $5,915

The Louisiana Mineral Board held its monthly lease auction of state owned and adjudicated properties last week, and the average lease bonus for land in the Haynesville Shale region was $5,915.  The weighted average (weighted by acreage) was $5,537, not far off.  The royalty percentages were all 25%.

The bidding action was not particularly hot.  Of the leases awarded, there was only one bid per parcel.  Two other parcels, one in DeSoto Parish (110 acres in S15/T11/R10) another in Caddo Parish (32 acres in S35/T18/R16), didn't even receive bids.

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