Lease Sales

AUGUST MINERAL LEASE SALE ANNOUNCED BY BOARD

Wednesday, August 15, 2001

The State Mineral Board conducted a Lease Sale August 8, 2001, at 10:00 a.m. in the Mineral Board Hearing Room located in the State Land and Natural Resources Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2001-2002 Fiscal Year totals.

NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale August 8, 2001
State Offshore Leases
50
73,690.870
18
7,857.210
$1,939,087.06
State Onshore Leases
23
29,755.920
8
3,810.290
$2,165,044.72
State Dedicated Leases
5
4,592.610
1
154.000
$80,850.00
State Agency Leases
2
160.000
1
120.000
$7,800.00
TOTAL
80
108,199.400
28
11,941.500
$2,817,151.82
2001-2002 Fiscal Year
State Offshore Leases
61
87,501.930
24
11,735.450
$2,922,288.17
State Onshore Leases
50
39,910.590
29
6,959.830
$1,953,865.76
State Dedicated Leases
11
5,783.690
2
344.000
$149,060.00
State Agency Leases
6
7,717.254
3
643.000
$175,865.00
TOTAL YEAR TO DATE
128
138,153.464
61
23,379.310
$5,201,078.93

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-4608.

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