Oyster Lease Damage Evaluation Board

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.