State Mineral and Energy Board

Mineral Board Monthly Sale Nets Nearly $4 million

Monday, March 17, 2008

 

The State Mineral Board conducted its monthly Lease Sale on March 12, 2008, 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 nearly $4 million from the sale.

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

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

Lease Sale March 12, 2008
State Offshore Leases 3 5,916.570 0 0.000 $0.00
State Onshore Leases 100 137,385.260 24 16,159.670 $3,624,799.81
State Dedicated Leases 7 11,414.770 13 582.850 $96,848.36
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 5 430.280 5 411.940 $237,362.04
Total Sale 115 155,146.880 42 17,154.460 $3,959,010.21
         
2007-2008 Fiscal Year          
State Offshore Leases 70 128,800.980 26 19,667.080 $8,577,310.62
State Onshore Leases 373 379,546.284 135 38,736.602 $11,836,082.29
State Dedicated Leases 38 64,309.920 18 2,290.450 $761,994.73
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 27 3,333.962 27 2,510.462 $1,042,062.27
Total Year to Date 536 602,697.586 208 64,616.594 $23,390,559.910

 

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