State Mineral and Energy Board

Mineral Board Monthly Sale Nets $2.4 million

Monday, December 17, 2007

The State Mineral Board conducted its monthly Lease Sale on December 12, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

According to Mineral Board Secretary Marjorie McKeithen, the state receives $2.4 million from the sale.

Below are the preliminary results of the December lease sale and 2007-2008 Fiscal Year totals.

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

Lease Sale December 12, 2007
State Offshore Leases 22 31,061.630 8 6,405.630 $1,441,901.65
State Onshore Leases 22 16,471.320 10 2,056.360 $733,049.76
State Dedicated Leases 4 5,132.000 3 374.550 $177,911.25
State Non-Dedicated Leases          
    Sabine Island WMA 0 0.000 0 0.000 $0.00
    White Lake Leases 0 0.000 0 0.000 $0.00
    State Agency Leases   3      260.660   3     260.660      $60,465.50
Total Sale 51 52,925.610 24 9,097.200 $2,413,328.16
           
2007-2008 Fiscal Year          
State Offshore Leases 69 114,527.960 25 19,490.450 $8,483,873.35
State Onshore Leases 224 209,530.388 81 16,445.987 $6,158,402.13
State Dedicated Leases 17 21,592.000 4 1,154.460 $471,547.37
State Non-Dedicated Leases          
    Sabine Island WMA 4 3,484.000 1 672.000 $272,160.00
    White Lake Leases 24 23,222.440 1 740.000 $900,950.00
    State Agency Leases   22     1,331.462  17   1,217.802      $599,054.35
Total Year to Date 360 373,688.250 129 39,720.699 $16,885,987.20

Editors: For more information on this news release, call the DNR Public Information Office at 225-342-8955 or Marjorie McKeithen at 225-342-4607.

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