State Mineral and Energy Board

DECEMBER MINERAL LEASE SALE ANNOUNCED BY BOARD

Friday, December 10, 1999

 

The State Mineral Board conducted a Lease Sale December 8, 1999, 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 1999-2000 Fiscal Year totals.


CLASSIFICATION
NOMINATED
TRACTS
NOMINATED
ACREAGE
LEASES
AWARDED
NO. OF
ACRES
AMOUNT OF
CASH PAYMENTS
Lease Sale December 8, 1999          
State Offshore Leases 12 18,974.360 3 2,675.330 $582,610.90
State Onshore Leases 22 33,556.470 11 2,457.470 554,184.62
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 6 820.220 4 680.220 154,824.40
TOTAL SALE 40 53,351.050 18 5,813.020 $1,291,619.92

 
1999-2000 Fiscal Year
State Offshore Leases 77 101,910.100 25 13,804.210 $3,406,931.61
State Onshore Leases 212 225,157.360 84 13,990.902 2,866,357.42
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 35 6,445.803 25 3,263.076 414,245.02
 
TOTAL YEAR TO DATE 328 338,619.773 136 31,386.848 $6,871,168.41

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Betty Landry at (225) 342-3359.

 

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