Monday, June 20, 2011

June Mineral Board Auction Results

The monthly Louisiana DNR Office of Mineral Resources lease sale saw a handful of  Haynesville Shale-prospective properties auctioned in June after having none in May.  The average bonus was $5,771/acre and the weighted average was $4,319/acre.  All winning bids had a 25% royalty.  The results were skewed somewhat because one property, a 241 acre parcel in Bienville Parish, represented 88% of the awarded acreage.

Four parcels in southern Red River Parish totally 41 acres received no bids, while 108 acres on the DeSoto/Natchitoches line received a bid for $750/acre that the state refused as insufficient consideration.

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