State Mineral and Energy Board

May Lease Sale Reported by State Mineral Board

Wednesday, May 15, 2002

Baton Rouge—The State Mineral Board conducted a Lease Sale May 8, 2002 at 10:00 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 2001-2002 Fiscal Year totals.

CLASSIFICATION NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS
Lease Sale May 8, 2002
State Offshore Leases 6 9,156.890 3 1,050.210 $623,015.14
State Onshore Leases 49 58,862.220 24 5,465.490 2,049,404.10
State Dedicated Leases 1 4,433.366 0 0.000 0.00
State Agency Leases 2 367.500 0 0.000 0.00
TOTAL SALE 58 72,819.976 27 6,515.700 $2,672,419.24
 
2001-2002 Fiscal Year
State Offshore Leases 164 233,471.540 50 23,624.830 $6,262,028.55
State Onshore Leases 612 833,001.340 217 58,120.680 15,676,864.67
State Dedicated Leases 33 36,610.776 10 1,266.490 587,824.05
State Agency Leases 33 5,861.258 22 1,773.524 594,180.98
TOTAL YEAR TO DATE 842 1,108,944.914 299 84,785.524 $23,120,898.25

Editors: For more information, call Assistant Secretary of the DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.

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