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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 University Elementary School. He said the bidder initially listed a $2,000 minimum payment and a 25% royalty; staff negotiated the minimum to $3,000 while retaining the 25% royalty. Greer told the committee that the solicitation and award process would be handled by the state board and Office of Mineral Resources.
Board members asked where the property is located and whether the district could expect revenue; Miss Bailey expressed interest in potential funds. Mr. Greer reiterated that the board would be requesting the state board to solicit bids and that the district’s role is to request the solicitation and accept the state process. The transcript does not show a formal committee vote on the request during the executive committee meeting; the item is listed on the draft board agenda (8.04) for consideration at the full board meeting.
No environmental review, lease terms beyond the stated minimum and royalty, or timetable for any lease award were provided in the executive committee discussion recorded in the transcript.
