State Mineral and Energy Board

January mineral lease sale brings $880,000

The state Mineral Board on Wednesday conducted its monthly lease sale in the LaBelle Room of the LaSalle Office Building in Baton Rouge.

The board collected more than $880,000 in bonuses in the sale, bringing total collections on mineral leases for the financial year that began July 1, 2008 to $192.2 million. In all, 18 leases covering 3,594 acres were awarded, out of 76 nominated tracts covering 106,580 acres.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale January 14, 2009
State Offshore Leases	5	8,592.890	3	1,029.74	$171,758.40
State Onshore Leases	50	97,330.140	13	2,400.00	$668,544.50
State Dedicated Leases	19	0.000	0	0.000	$0.00
State Agency Leases	2	657.190	2	164.93	$40,534.85
Total Sale	76	106,580.220	18	3,594.67	$880,837.75
NOTE: The totals for this sale do not reflect any options that may be exercised or revisions to acreage and cash amounts that may take place after this sale date which may cause these totals to change. NOTE: Due to Hurricane Gustav, the September Sale was postponed and is now included in the October sale.
2008-2009 Fiscal Year
State Offshore Leases	84	128,870.909	36	12,710.680	$6,004,173.54
State Onshore Leases	476	433,988.656	210	44,810.992	$129,251,053.00
State Dedicated Leases	65	102,227.440	9	2,266.120	$1,131,058.62
State Agency Leases	208	21,006.333	41	3,594.922	$55,842,540.93
Total Year to Date	833	686,093.338	296	63,382.714	$192,228,826.09
NOTE: The Fiscal Year totals include this sale totals and also options exercised and revisions to acreage and cash amounts that may have taken place from the date of the last sale to this state lease sale.