State Mineral and Energy Board

NOVEMBER MINERAL LEASE SALE ANNOUNCED BY BOARD

Friday, November 13, 1998

 

The State Mineral Board conducted a Lease Sale November 10, 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.

 

  NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale November 10, 1998
State Offshore Leases 4 2,658.630 1 143.000 $25,025.00
State Onshore Leases 53 56,840.420 21 3,591.470 1,354,105.87
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 2 419.600 2 229.600 49,072.00
 
TOTAL SALE 59 59,918.650 24 3,964.070 $1,428,202.87
           
1998-99 Fiscal Year
State Offshore Leases 134 197,575.510 38 15,723.904 $7,551,750.72
State Onshore Leases 213 176,712.451 88 14,561.971 4,409,434.10
State Dedicated Leases 40 54,758.810 3 1,114.710 560,576.77
State Agency Leases 29 7,971.709 14 1,632.992 1,023,744.20
 
TOTAL YEAR TO DATE 416 437,018.480 143 33,033.577 $13,545,505.79


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

 

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