State Mineral and Energy Board

MINERAL BOARD LEASE SALES RECORDED IN FEBRUARY

Friday, February 13, 1998

The State Mineral Board conducted a Lease Sale February 11, 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.



CLASSIFICATION NOMINATEDTRACTS NOMINATED ACREAGE LEASES AWARDED NO. OF ACRES AMOUNT OF CASH PAYMENTS
Lease Sale February 11, 1998
State Offshore Leases 30 50,855.230 6 2,461.230 $583,980.66
State Onshore Leases 34 44,183.110 13 3,515.230 1,013,938.02
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 6 170.281 3 63.281 6,690.82
TOTAL SALE 70 95,208.621 22 6,039.741 $1,604,609.50
1997-98 Fiscal Year
State Offshore Leases 106 162,766.330 31 13,960.938 $4,482,941.23
State Onshore Leases 338 305,704.250 130 38,017.550 9,849,004.73
State Dedicated Leases 1 2,254.000 1 870.000 270,570.00
State Agency Leases 32 3,851.632 18 1,112.420 320,019.14
TOTAL YEAR TO DATE 477 474,576.212 180 53,960.908 $14,922,535.10

Editors: For more information on the February meeting and these results, please contact DNR Assistant Secretary of the Office of Mineral Resources Gus Rodemacher at (504) 342-4607.

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