State Mineral and Energy Board

MINERAL BOARD POSTS DECEMBER LEASE SALE

Thursday, December 10, 1998

 

The State Mineral Board conducted a Lease Sale December 9, 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 1998-99 Fiscal Year totals.


CLASSIFICATION		 NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS
Lease Sale December 9, 1998
State Offshore Leases 9 10,020.290 2 325.710 $45,560.73
State Onshore Leases 48 56,220.690 12 2,407.350 585,568.65
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 4 1,823.460 2 7.640 19,823.44
TOTAL SALE 61 68,064.440 16 2,740.700 $650,952.82
 
1998-99 Fiscal Year
State Offshore Leases 143 207,595.800 40 16,049.614 $7,597,311.45
State Onshore Leases 261 232,933.141 100 16,969.321 4,995,002.75
State Dedicated Leases 40 54,758.810 3 1,114.710 560,576.77
State Agency Leases 33 9,795.169 16 1,640.632 1,043,567.64
TOTAL YEAR TO DATE 477 505,082.920 159 35,774.277 $14,196,458.61

 

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-3093.

 

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