State Mineral and Energy Board

JANUARY MINERAL LEASE SALE ANNOUNCED BY BOARD

Friday, January 14, 2000

 

The State Mineral Board conducted a Lease Sale January 12, 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 January 12, 2000          
State Offshore Leases 14 20,581.630 2 539.970 $92,552.07
State Onshore Leases 34 39,157.810 16 4,314.500 1,162,007.97
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 3 841.172 1 11.162 3,348.60
TOTAL SALE 51 60,580.612 19 4,865.632 $1,257,908.64

 
1999-2000 Fiscal Year
State Offshore Leases 91 122,491.730 27 14,344.180 $3,499,483.68
State Onshore Leases 246 264,315.170 100 18,305.402 4,028,365.39
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 38 7,286.975 256 3,274.238 417,593.62
 
TOTAL YEAR TO DATE 379 399,200.385 155 36,252.480 $8,129,077.05

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

 

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