State Mineral and Energy Board

MINERAL BOARD HOLDS SEPTEMBER 1999 LEASE SALE

Thursday, September 9, 1999

The State Mineral Board conducted a Lease Sale September 8, 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 NOMINATED ACREAGE LEASES AWARDED NO. OF ACRES AMOUNT OF CASH PAYMENTS
Lease Sale September 8, 1999
State Offshore Leases 9 16,263.080 2 1,775.270 $436,597.58
State Onshore Leases 38 34,024.230 17 3,404.980 724,396.53
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 10 907.260 9 328.200 108,806.00
TOTAL SALE 57 51,194.570 28 5,508.450 $1,269,800.11
1999-00 Fiscal Year
State Offshore Leases 37 55,754.250 17 7,695.770 $2,165,807.87
State Onshore Leases 92 77,367.270 39 7,119.550 1,477,861.73
State Dedicated Leases 4 5,106.510 2 328.660 183,634.36
State Agency Leases 20 4,707.905 14 2,178.656 183,269.62
TOTAL YEAR TO DATE 153 142,935.935 72 17,322.636 $4,010,573.58

Editors: For more information, please contact the DNR Office of Mineral Resources Sandra Bailey at 225-342-3093.

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