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Committee reviews request to solicit oil‑and‑gas bids on University Elementary tract; district reports higher minimum and 25% royalty
Summary
Staff told the executive committee that a request to ask the Louisiana State Mineral and Energy Board and Office of Mineral Resources to solicit oil‑and‑gas bids concerns a 15.98‑acre tract at University Elementary; initial offer listed a $2,000 minimum that staff negotiated up to $3,000 plus a 25% royalty.
The executive committee received an explanation of an agenda item asking the Louisiana State Mineral and Energy Board and the Office of Mineral Resources to solicit bids for an oil‑and‑gas lease on Caddo Parish School Board property.
Mr. Greer, speaking to the committee, said the tract under consideration is a 15.98‑acre parcel at…
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