State Mineral and Energy Board

MINERAL BOARD RELEASES FEBRUARY FIGURES

Thursday, February 15, 2001

The State Mineral Board conducted a Lease Sale February 14, 2001, at 10 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 2000-2001 Fiscal Year totals.

According to Mineral Board Secretary Gus Rodemacher, this month's lease sale results of $3.3 million show three consecutive months of lease sales surpassing $3 million. Additionally, with four months still remaining in this fiscal year calendar, the FY 2000-01 total of $19,639,973 has now surpassed last year's FY 1999-00 total of $18,081,282, Rodemacher noted.

Mineral Board Data Summary: Feb. 2000-01 (Total to date: $19,629,937)
  FY 1999-00 (Total: $18,081,282)
  FY 1998-99 (Total: $20,369,052)

 

NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale February 14, 2001
State Offshore Leases 41 58,796.780 12 6,000.967 $1,367,373.76
State Onshore Leases 93 166,819.578 28 7,490.023 1,666,409.76
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 11 2,131.700 5 300.450 248,113.24
TOTAL SALE 145 227,748.058 45 13,791.440 $3,281,896.76
2000-2001 Fiscal Year
State Offshore Leases 163 247,880.550 37 18,681.977 $4,132,343.71
State Onshore Leases 426 474,950.683 189 53,642.296 14,546,292.36
State Dedicated Leases 13 7,911.970 2 1,009.560 504,804.12
State Agency Leases 41 10,638.486 18 915.550 448,795.24
TOTAL YEAR TO DATE
643
741,381.689
246
74,249.383
$19,632,235.43

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandy Bailey at 342-4608.

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