State Mineral and Energy Board

November Lease Sale Reported by State Mineral Board

Tuesday, November 19, 2002

BATON ROUGE—The State Mineral Board conducted a Lease Sale November 13, 2002, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2002-2003 Fiscal Year totals.

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

Lease Sale November 13, 2002
State Offshore Leases 2 615.450 0 0.000 $0.00
State Onshore Leases 93 140,382.110 20 4,006.210 812,415.13
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 1 630.280 1 92.850 27,855.00
TOTAL SALE 96 141,627.840 21 4,099.060 $840,270.13
 
2002-2003 Fiscal Year
State Offshore Leases 86 119,362.075 15 5,245.930 $1,176,248.49
State Onshore Leases 447 692,362.821 121 41,422.910 8,870,533.89
State Dedicated Leases 1 2,371.000 1 312.720 117,270.00
State Agency Leases 11 1,431.238 10 598.624 174,216.34
TOTAL YEAR TO DATE 545 815,527.134 147 47,580.184 $10,338,268.72

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