Office of Mineral Resources

December Lease Sale Reported by State Mineral Board

Tuesday, December 17, 2002

BATON ROUGE—The State Mineral Board conducted a Lease Sale December 11, 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 December 11, 2002
State Offshore Leases 34 38,151.460 10 3,059.190 $1,482,377.77
State Onshore Leases 82 106,441.290 17 3,402.140 824,549.26
State Dedicated Leases 4 7,339.630 0 0.000 0.00
State Agency Leases 2 35.000 2 35.000 14,140.01
TOTAL SALE 122 151,967.380 29 6,496.330 $2,321,067.04
 
2002-2003 Fiscal Year
State Offshore Leases 120 157,513.535 25 8,305.120 $2,658,626.26
State Onshore Leases 529 798,804.111 138 44,780.440 9,695,083.15
State Dedicated Leases 5 9,710.630 1 312.720 117,270.00
State Agency Leases 13 1,466.238 12 633.624 188,356.35
TOTAL YEAR TO DATE 667 967,494.514 176 54,031.904 $12,659,335.76


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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