Office of Mineral Resources

August Lease Sale Reported by State Mineral Board

Wednesday, August 21, 2002

BATON ROUGE—The State Mineral Board conducted a Lease Sale August 14, 2002, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2002-2003 Fiscal Year totals.

CLASSIFICATION NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS
Lease Sale June 12, 2002
State Offshore Leases 0 0.000 0 0.000 $0.00
State Onshore Leases 75 133,414.800 22 4,799.220 1,075,478.68
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 6 233.479 5 224.705 65,750.23
TOTAL SALE 81 133,648.279 27 5,023.925 $1,141,228.91
 
2001-2002 Fiscal Year
State Offshore Leases 39 44,173.450 5 1,018.700 $404,801.70
State Onshore Leases 225 383,573.810 66 31,158.520 6,553,953.39
State Dedicated Leases 1 2,371.000 1 312.720 117,270.00
State Agency Leases 6 233.479 5 224.705 65,750.23
TOTAL YEAR TO DATE 271 430,351.739 77 33,155.395 $7,141,775.32

Editors: For more information, call Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.

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