Friday, January 14, 2011

Uneventful January Lease Sale

The Louisiana Mineral Board's monthly lease sale was pretty unremarkable from the perspective of the Haynesville Shale.  Only 48 acres of leases were successfully bid upon with an average bonus price of $4,275 (weighted average $3,790).

Another 633 acres of land in Caddo Parish in township 17, ranges 13 to 15, received no bids.  The bid packages were made up lots of small parcels in and around Shreveport, so it's not a big surprise that nobody bit.  Two other parcels containing 152 acres in Sabine Parish received low bids ($2,600/acre and $5,011.50/acre, respectively) and were not awarded.

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