State Mineral and Energy Board

MINERAL BOARD HOLDS AUGUST 1999 LEASE SALE

Friday, August 13, 1999

 

The State Mineral Board conducted a Lease Sale August 11, 1999 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 NOMINATEDACREAGE LEASES AWARDED NO. OF ACRES AMOUNT OF CASH PAYMENTS
Lease Sale August 11, 1999
State Offshore Leases 14 17,580.620 9 2,989.510 $1,235,201.97
State Onshore Leases 25 17,260.490 10 1,418.010 324,256.09
State Dedicated Leases 1 433.330 0 0.000 0.00
State Agency Leases 8 3,142.376 5 1,850.456 74,463.62
TOTAL SALE 48 38,416.816 24 6,257.976 $1,633,921.68
 
1999-00 Fiscal Year
State Offshore Leases 28 39,491.170 15 5,920.500 $1,729,210.29
State Onshore Leases 54 43,343.040 22 3,714.570 753,465.20
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 10 3,800.645 5 1,850.456 74,463.62
TOTAL YEAR TO DATE 96 91,741,365 44 11,814.186 $2,740,773.47
 


Editors: For more information, please contact the DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Betty Landry at 225-342-4964.

 

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