State Mineral and Energy Board

OCTOBER MINERAL LEASE SALE ANNOUNCED BY BOARD

Wednesday, October 17, 2001

The State Mineral Board conducted a Lease Sale October 10, 2001, 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 2001-2002 Fiscal Year totals.

NOMINATED NOMINATED LEASES NO. OF AMOUNT OF
CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASH PAYMENTS
Lease Sale Octoer 10, 2001
State Offshore Leases
5
10,543.090
0
0.000
$0.00
State Onshore Leases
125
155,817.850
32
6,046.880
$1,919,564.72
State Dedicated Leases
8
13,507.000
0
0.000
$0.00
State Agency Leases
2
583.225
1
8.735
$2,244.90
TOTAL
140
180,451.165
33
6,055.615
$1,921,809.62
2001-2002 Fiscal Year
State Offshore Leases
67
99,826.760
24
11,735.450
$2,922,288.17
State Onshore Leases
230
241,208.730
92
19,212.890
$5,463,226.44
State Dedicated Leases
20
21,683.690
3
436.000
$182,272.00
State Agency Leases
9
2,305.523
5
648.779
$188,702.30
TOTAL YEAR TO DATE
328
368,278.703
124
32,041.119
$8,756,488.91

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

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