State Mineral and Energy Board

January Lease Sale Reported by State Mineral Board

Tuesday, January 13, 2004
The State Mineral Board conducted a Lease Sale January 8, 2003, 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

CLASSIFICATIONNOMINATED
TRACTS		NOMINATED
ACREAGE		LEASES
AWARDED		NO. OF
ACRES		AMOUNT OF
CASH PAYMENTS

Lease Sale January 8, 2003
State Offshore Leases 21 28,496.110 6 1,355.870 $688,795.99
State Onshore Leases 39 26,150.650 24 4,080.490 905,471.86
State Dedicated Leases 6 11,718.700 0 0.000 0.00
State Agency Leases   3      226.760   2      10.000          2,500.00
TOTAL SALE 69 66,592.220 33 5,682.720 $1,679,493.85
 
2002-2003 Fiscal Year
State Offshore Leases 141 186,009.645 31 9,344.680 $3,276,252.14
State Onshore Leases 568 824,954.761 162 48,860.880 10,600,555.01
State Dedicated Leases 11 21,429.330 2 549.080 199,996.00
State Agency Leases   16       1,692.998   14     643.624        190,856.35
TOTAL YEAR TO DATE 736 1,034,086.734 209 59,398.264 $14,267,659.50

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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