State Mineral and Energy Board

MINERAL BOARD HOLDS OCTOBER 1999 LEASE SALE

Friday, October 15, 1999

 

The State Mineral Board conducted a Lease Sale October 13, 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 October 13, 1999
State Offshore Leases 16 16,085.120 3 1,819.330 $320,982.83
State Onshore Leases 44 56,830.820 14 1,918.562 379,604.77
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 2 750.060 2 275.300 34,705.00
TOTAL SALE 62 73,666.000 19 4,013.192 $735,292.60
 
1999-00 Fiscal Year
State Offshore Leases 53 71,839.370 20 9,515.100 $2,486,790.70
State Onshore Leases 136 134,198.090 53 9,038.112 1,857,466.50
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 22 5,457.965 16 2,453.956 217,974.62
TOTAL YEAR TO DATE 215 216,601.935 91 21,335,828 $4,745.866.18
 


Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Betty Landry at 342-4964.

 

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