State Mineral and Energy Board

September 1998 Lease Sales Announced by Mineral Board

Wednesday, September 9, 1998

 

The State Mineral Board conducted a Lease Sale September 9, 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 September 9, 1998
State Offshore Leases 15 23,066.780 8 2,241.460 $485,936.13
State Onshore Leases 38 29,401.570 11 1,154.540 259,053.98
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 8 2,428.180 4 464.623 705,458.34
 
TOTAL SALE 61 54,896.530 23 3,860.623 $1,450,448.45
 

 

1998-99 Fiscal Year
State Offshore Leases 115 183,470.320 29 12,545.314 $5,608,007.73
State Onshore Leases 125 72,948.791 51 8,700.631 2,486,823.10
State Dedicated Leases 40 54,758.810 3 1,114.710 560,576.77
State Agency Leases 24 6,734.609 10 759.722 756,736.31
 
TOTAL YEAR TO DATE 264 317,912.530 93 23,120.377 $9,412,143.91

 

Editors: For more information, contact Gus Rodemacher at 225-342-4607.

 

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