State Mineral and Energy Board

MINERAL BOARD'S APRIL LEASE SALE IS LARGEST SINCE 1981

Thursday, April 30, 1998

According to state Mineral Board secretary Gus Rodemacher, April's lease sale of $17,062,854 marked a record high. There were 182 tracts nominated this month, which constitutes the largest sale since September 1981 when the amount was $27,815,577, reported Rodemacher.

The State Mineral Board conducted a Lease Sale April 8, 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.


  NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale April 8, 1998

State Offshore Leases

 76 118,176.280 19 7,222.340 $5,665,765.83
State Onshore Leases 58 14,361.910 23 3,085.960 1,269,179.55
State Dedicated Leases 42 64,431.270 12 9,671.070 10,039,787.93
State Agency Leases 6 1,425.890 6 756.180 88,120.96
TOTAL SALE 182 198,395.350 60 20,735.550 $17,062,854.27

 

1997-98 Fiscal Year
State Offshore Leases

188

 290,616.520 51 21,608.008 $10,363,195.71
State Onshore Leases 437 348,547.310 176 45,033.856 12,182,530.68
State Dedicated Leases 43 66,685.270 13 10,541.070 10,310,357.93
State Agency Leases 44 7,194.752 26 3,001.100 724,004.83
TOTAL YEAR TO DATE 712 713,043.852 266 80,184.034 $33,580,089.15

 


Editors: For more information, please contact DNR Assistant Secretary, Office of Mineral Resources Gus Rodemacher at (504) 342-4607.

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