State Mineral and Energy Board

June mineral lease sale brings approximately $1.4 million

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 $1.4 million in bonuses in the sale, bringing total collections on mineral leases for the financial year that began July 1, 2008 to $200.1 million. Of that $200.1 million, approximately $143 million went to state government and approximately $57 million went to local governments.

In all, 11 leases covering 477 acres were awarded, out of 11 nominated tracts covering 6,524 acres, in the June sale.

The Board sold leases in 7 parishes - Allen, Caddo, Concordia, DeSoto, Jefferson Davis, Plaquemines and Red River. The majority of activity in the June lease sale was in north Louisiana, with eight of the 11 tracts leased located in the northern end of the state.

Of the 11 leases sold, 7 were located in the northwestern parishes of Caddo, DeSoto and Red River.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale June 10, 2009
State Offshore Leases	0	0.000	0	0.000	$0.00
State Onshore Leases	5	6,314.990	5	267.990	$359,198.07
State Dedicated Leases	0	0.000	0	0.000	$0.00
State Agency Leases	6	209.512	6	209.512	$1,082,289.22
Total Sale	11	6,524.502	11	477.502	$1,441,487.29
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.
2008-2009 Fiscal Year
State Offshore Leases	101	159,704.909	36	12,710.680	$6,004,173.54
State Onshore Leases	609	558,188.076	270	59,932.062	$135,633,803.45
State Dedicated Leases	83	142,347.320	11	2,968.930	$1,431,789.21
State Agency Leases	230	25,478.824	51	4,440.724	$57,034,270.15
Total Year to Date	1023	885,719.129	368	80,052.396	$200,104,036.35
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.