State Mineral and Energy Board

MAY MINERAL LEASE SALE ANNOUNCED BY BOARD

Tuesday, May 15, 2001

The State Mineral Board conducted a Lease Sale May 9, 2001, 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 2000-2001 Fiscal Year totals.

NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale April 11, 2001
State Offshore Leases
10
14,681.390
5
1,463.260
$541,131.46
State Onshore Leases
45
49,242.890
20
4,123.640
$1,348,891.94
State Dedicated Leases
11
17,619.540
5
1,718.640
$658,105.20
State Agency Leases
1
45.000
1
45.000
$13,995.00
TOTAL SALE
67
81,588.820
31
7,350.540
$2,562,123.60
2000-2001 Fiscal Year
State Offshore Leases
236
358,819.860
56
31,335.627
$6,833,967.36
State Onshore Leases
561
625,851.203
255
72,830.316
$21,870,652.00
State Dedicated Leases
47
58,394.170
9
3,396.020
$1,493,595.49
State Agency Leases
44
10,876.886
21
1,161.950
$515,977.24
TOTAL YEAR TO DATE
888
1,053,942.119
341
108,723.913
$30,714,192.09

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-4608.

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