State Mineral and Energy Board

SEPTEMBER LEASE SALES REPORT FROM MINERAL OFFICE

The State Mineral Board conducted a Lease Sale September 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     CASH
PAYMENTS

Lease Sale September 11, 1996
State Offshore Leases       14     17,670.780     14   9,337.630 $2,069,963.90
State Onshore Leases        36     21,257.460     22   3,771.860    938,664.00
State Dedicated Leases       0          0.000      0       0.000          0.00
State Agency Leases     9      8,544.360      0       0.000                 0.00

TOTAL SALE             59  47,472.600     36     13,109.490   $3,008,627.90

1996-97 Fiscal Year
State Offshore Leases       60     78,522.195     41     32,587.425   $6,055,352.49
State Onshore Leases       117     72,518.880     68   9,092.340  2,773,689.60
State Dedicated Leases       0          0.000      0       0.000          0.00
State Agency Leases    16     10,046.406      4   1,338.420    295,406.98

TOTAL YEAR TO DATE      193     161,087.481    113  43,018.185    
$9,124,449.07

Editors: For more information, please contact DNR's Office of Mineral Resources, Gus Rodemacher at (504) 342-4607.