State Mineral and Energy Board

MINERAL BOARD HOLDS LEASE SALE IN MAY

Thursday, May 14, 1998

The State Mineral Board conducted a Lease Sale May 13, 1998 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 1997-98 Fiscal Year totals.


  NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale May 13, 1998
State Offshore Leases 4 4,543.900 6 2,613.520 $594,489.94
State Onshore Leases 60 60,311.020 18 6,070.280 2,282,484.77
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 3 1,251.000 1 90.000 31,651.20
TOTAL SALE 67 66,105.920 25 8,773.800 $2,908,625.91
 
1997-98 Fiscal Year
State Offshore Leases 192 295,160.420 57 24,221.528 $10,957,685.65
State Onshore Leases 497 408,858.330 194 51,104.136 14,465,015.45
State Dedicated Leases 43 66,685.270 13 10,541.070 10,310,357.93
State Agency Leases 47 8,445.752 27 3,091.100 755,656.03
TOTAL YEAR TO DATE 779 779,149.772 291 88,957.834 $36,488,715.06

Editors: For more information on this report, please contact Gus Rodemacher at (504) 342-4607.


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