Oyster
Lease Damage Evaluation Board
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General Meeting
Notice
OYSTER LEASE DAMAGE EVALUATION BOARD
No Meetings Scheduled
LDNR Visitor Center |
Introduction
The Oyster Lease Damage Evaluation Board (OLDEB) was
created to address conflicts between mineral owners and oyster
leaseholders "to
effect an equitable solution ... which will result in fair and
predictable treatment to the oil and gas industry while assuring
the oyster fishermen actual compensation for damages to their oyster
beds due to mineral activities" (LA. R.S. 56:700.10).
By law, the process may begin with a preliminary request for arbitration
submitted by either the mineral owner or leaseholder. The process
is to be completed ninety (90) days after the mineral project is
completed and a final request for arbitration has been received
by the Board. Submitting a case into arbitration does not forfeit
either party's right to seek a judicial resolution; however, the
existence and purpose of the Board is to expedite the claims process
for the common benefit of both industries.
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