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State mineral lease sale brings in $59K in bonus revenue

8 months 1 week 6 hours ago July 20, 2016 Jul 20, 2016 Wednesday, July 20 2016 July 20, 2016 8:37 AM in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - The Louisiana Mineral and Energy Board's July lease brought in $59,150 in bonus revenue.

The board said in a news release Tuesday buyers bought two leases covering 294 acres in Calcasieu and Plaquemines parishes. The lease sale offered tracts covering a total of 587 acres.

According to the board, mineral bonus payments to the state in fiscal year 2015-16 amounted to $5.5 million.

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