Louisiana Revised Statutes Tit. 30, § 128. Transfers; approval by board; fees; penalties

A. No transfer or assignment in relation to any lease granted by the State Mineral and Energy Board of minerals or mineral rights on lands, the bodies of any lakes, bays or coves, the sea, arms of the sea, or other navigable waters and the beds thereof owned by the state shall be valid unless approved by the State Mineral and Energy Board. The mineral board may charge a fee of one hundred seventy-five dollars to cover the cost of preparing and docketing transfers or assignments of such leases. All parties to transfers or assignments in relation to any such lease shall be registered prospective leaseholders with the office of mineral resources. Transfers or assignments shall not be granted to prospective leaseholders that are not currently registered with the office of mineral resources.

C. A transfer for purposes of this Section shall not be deemed to occur by the granting of a mortgage in, collateral assignment of production from, or other security interest in a mineral lease or sublease or the transfer of an overriding royalty interest, production, payment, net profits interest, or similar interest in a mineral lease or sublease.