State Mineral and Energy Board

STATE MINERAL BOARD ANNOUNCES DECEMBER 1997 LEASE DATA

Monday, December 15, 1997 

The State Mineral Board conducted a Lease Sale December 10, 1997 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 1997-98 Fiscal Year totals.

			NOMINATED NOMINATED	LEASES	NO. OF		AMOUNT OF
CLASSIFICATION		TRACTS     ACREAGE	AWARDED	ACRES		CASH PAYMENTS
Lease Sale December 10, 1997
State Offshore Leases	17	19,289.620	2	950.710		$244,808.42
State Onshore Leases	59	45,983.430	14	3,957.608	890,122.22
State Dedicated Leases	0	0.000		0	0.000		0.00
State Agency Leases	9	927.673		1	67.000		53,667.00

TOTAL SALE		85	66,200.723	17	4,975.318	$1,188,597.64

1997-98 Fiscal Year
State Offshore Leases	75	111,295.650	25	11,499.708	$3,898,960.57
State Onshore Leases	259	204,571.200	99	24,239.683	6,529,177.20
State Dedicated Leases	1	2,254.000	1	870.000		270,570.00
State Agency Leases	22	3,564.661	11	932.449		258,739.32

TOTAL YEAR TO DATE	357	321,685.511	136	37,541.840	$10,957,447.09

Editors: For more information, please contact DNR Assistant Secretary Gus Rodemacher at (504) 342-4607.

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