State Mineral and Energy Board

Mineral Board Holds March 2005 Lease Sale

Monday, March 14, 2005

The State Mineral Board conducted its monthly Lease Sale on Wednesday, March 9, 2005, at 10 a.m. in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

Below are the preliminary results of the lease sale.

CLASSIFICATIONNOMINATED
TRACTS		NOMINATED
ACREAGE		LEASES
AWARDED		NO. OF
ACRES		AMOUNT OF
CASH PAYMENTS

Lease Sale March 9, 2005
State Offshore Leases 19 30,333.480 1 879.030 $212,790.60
State Onshore Leases 38 35,143.300 17 8,264.240 $2,777,845.50
State Dedicated Leases 7 2,957.140 0 0.000 $0.00
State Agency Leases     1         40.000   0         0.000             $0.00
Total Sale 65 68,473.920 18 9,143.270 $2,990,636.10
           
2004-2005 Fiscal Year          
State Offshore Leases 131 199,970.960 50 19,466.630 $9,046.088.91
State Onshore Leases 621 714,609.076 248 53,091.266 $16,170,062.76
State Dedicated Leases 52 69,721.980 18 5,499.120 $2,651,853.51
State Agency Leases    43     5,390.618    21   1,110.251      $250,558.52
Total Year to Date 847 989,692.634 337 79,167.267 $28,118,563.70

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