State Mineral and Energy Board

FEBRUARY MINERAL LEASE SALE ANNOUNCED BY BOARD

Friday, February 11, 2000

 

The State Mineral Board conducted a Lease Sale February 9, 2000, 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 February 9, 2000          
State Offshore Leases 27 48,825.090 2 3,379.940 $804,140.00
State Onshore Leases 69 92,489.388 28 8,250.558 2,479,180.51
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 2 460.000 1 55.000 25,300.00
TOTAL SALE 98 141,774.478 31 11,685.498 $3,308,620.51

 
1999-2000 Fiscal Year
State Offshore Leases 118 171,316.820 29 17,724.120 $4,303,623.68
State Onshore Leases 315 356,804.558 128 26,555.960 6,507,545.90
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 40 7,746.975 27 3,329.238 442,893.62
 
TOTAL YEAR TO DATE 477 540,974.863 186 47,937.978 $11,437,697.56

Editors: For more information, please call Gus Rodemacherat 342-4607 or Rick Heck at 342-6122.

 

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