Leasing Manual
How to Acquire a Mineral Lease on State and State Agency Lands and Water Bottoms in the State of Louisiana
The State Mineral Board, through the Office of Mineral Resources, publishes an advertisement of the state and state agency tracts it decides to offer for mineral lease in the official journal of the state and official journal(s) of the parish(es) where the lands are located, and otherwise at its discretion, not more than sixty (60) days prior to the date for the public opening of bids (generally the mineral lease sale date). The advertisement contains a description of the land proposed to be leased and its official tract number, any notes pertaining to the nominated tract, the date, time and place where sealed bids shall be received and publicly opened, a statement that the bid may be for the whole or any particularly described portion of the land advertised, the royalty to be demanded should the Board deem it to be in the interest of the state to call for bids on the basis of a royalty fixed by it, and any other information the Board may consider necessary. This advertisement and any other published by the Board constitute judicial advertisement and legal notice within the contemplation of LSA-R.S. Title 43, Chapter 5. LSA-R.S. 30:126.
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Summary of the Advertisement Process
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