Office of Mineral Resources
RECORD LEASE SALE REPORTED THIS DECEMBER BY MINERAL BOARD
Friday, December 13, 1996
State Mineral Board secretary Gus Rodemacher announced that this month's lease sale was the largest sale since the November 1984 lease sale when a record $12,461,582 was reported. He said the December 1996 lease sale totaled $9,683,021.
The State Mineral Board conducted a Lease Sale December 11, 1996 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 1996-97 Fiscal Year totals.
NOMINATED NOMINATED LEASES NO. OF AMOUNT OF CLASSIFICATION TRACTS ACREAGE AWARDED ACRES CASHPAYMENTS Lease Sale December 11, 1996 State Offshore Leases 3 3,119.980 1 1,290.220 $184,501.46 State Onshore Leases 132 194,207.360 52 37,544.430 9,126,549.42 State Dedicated Leases 0 0.000 0 0.000 0.00 State Agency Leases 13 3,905.128 9 2,236.848 371,970.44 TOTAL SALE 148 201,232.468 62 41,071.498 $9,683,021.32 1996-97 Fiscal Year State Offshore Leases 125 169,086.389 49 39,118.564 $ 8,386,304.28 State Onshore Leases 369 350,137.305 189 63,784.770 17,382,107.83 State Dedicated Leases 0 0.000 0 0.000 0.00 State Agency Leases 48 19,470.046 25 6,159.240 1,339,170.15 TOTAL YEAR TO DATE 542 538,693.740 263 109,062.574 $27,107,582.26
EDITORS: For more information, contact Gus Rodemacher, DNR Office of Mineral Resoures (504) 342-4607.
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