State Mineral and Energy Board

MARCH MINERAL LEASE SALE ANNOUNCED BY BOARD

Friday, March 10, 2000

 

The State Mineral Board conducted a Lease Sale March 8, 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 March 8, 2000          
State Offshore Leases 19 23,262.440 7 5,560.170 $1,955,255.50
State Onshore Leases 44 42,240.730 24 4,523.570 898,793.67
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 3 883.357 3 803.357 195,972.11
TOTAL SALE 66 66,386.527 34 10,977.097 $3,050,021.28

 
1999-2000 Fiscal Year
State Offshore Leases 137 194,579.260 36 23,374.290 $6,258,879.18
State Onshore Leases 359 399,045.288 152 31,079.530 7,406,339.57
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 43 8,630.332 30 4,132.595 638,865.73
 
TOTAL YEAR TO DATE 543 607,361.390 220 58,915.075 $14,487,718.84

Editors: For more information, please call Gus Rodemacher at 342-4607 or Betty Landry at 342-3359.

 

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