State Mineral and Energy Board

MINERAL BOARD HOLDS JUNE 1999 LEASE SALE

Friday, June 11, 1999

 

The State Mineral Board conducted a Lease Sale June 9, 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 1998-99 Fiscal Year totals.

CLASSIFICATION NOMINATED TRACTS NOMINATEDACREAGE LEASES AWARDED NO. OF ACRES AMOUNT OF CASH PAYMENTS
Lease Sale June 9, 1999
State Offshore Leases 2 2,520.150 0 0.000 $0.00
State Onshore Leases 44 64,376.040 14 2,209.980 388,755.20
State Dedicated Leases 4 7,171.040 1 456.010 286,602.29
State Agency Leases 10 899.390 10 405.540 121,196.80
TOTAL SALE 60 74,966.620 25 3,071.530 $796,554.29
 
1998-99 Fiscal Year
State Offshore Leases 200 294,758.570 57 21,225.254 $8,612,940.19
State Onshore Leases 514 510,626.175 191 37,765.148 9,419,917.33
State Dedicated Leases 66 94,435.930 5 1,892.720 963,421.06
State Agency Leases 70 15,539.646 34 2,226.371 1,372,773.59
TOTAL YEAR TO DATE 850 915,360.321 287 63,109.493 $20,369,052.17
 

 

State Mineral Board Secretary Gus Rodemacher said that the average monthly lease sale during F/Y 98/99 was $1,697,421. According to Rodemacher, the F/Y 98/99 year-end lease sales totaled $20,369,052 as compared to last fiscal year's total of $50,200,644.

Rodemacher also announced that Internet access to the Office of Mineral Resources' Leasing Section publications will allow users to view and download a number of its forms and documents. He said notice of publication for a lease, summary results and tract details of a lease, and other selections will be posted on the web.

Additonally, the Leasing Section has begun converting its index maps that show current state leases from a series of cloth maps to digital format. When completed these maps will be available online. The state's Office of Mineral Resources is within the Department of Natural Resources (DNR). The web site address to the Leasing Section pages is http://www.dnr.state.la.us/min/petlan/leasing/leasing.ssi

Editors: For more information, please contact Gus Rodemacher at 225-342-4607 or OMR Petroleum Landman Rick Heck at 225-342-6122.

 

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