Wednesday, February 16, 2011

Another Quiet LA Lease Sale

The monthly Mineral Board lease auction was fairly quiet again this month. Only three parcels prospective for the Haynesville Shale were successfully leased, all in Sabine Parish.  The average lease bonus was $2,819.  The  weighted average bonus was $2,202, but that was weighted down by a large parcel, not all of which is currently located in a Haynesville unit.  Several parcels in central Caddo Parish and another in Sabine received no bids.

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