Thursday, April 14, 2011

LA Lease Auction: Average Haynesville Area Bonus $7,106

The monthly lease auction by the Louisiana state Mineral Board was another yawner this month as far as property in the Haynesville Shale region is concerned.  Of the 1,154 acres on the block generally prospective for the Haynesville, only 170 acres received sufficient bids, leaving 85% of the potential leases on the sideline.  The two packages that were successfully bid received very similar offers and the average bonus was $7,106 per acre ($7,198 on a weighted average acreage basis).

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