State Mineral and Energy Board

STATE MINERAL BOARD ANNOUNCES JULY LEASE SALE DATA

Friday, July 10, 1998

The State Mineral Board conducted a Lease Sale July 8, 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 July 8, 1998
State Offshore Leases 27 49,980.040 13 6,809.514 $3,490,672.06
State Onshore Leases 30 11,184.601 21 2,836.671 733,639.51
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 11 3,685.999 4 262.909 43,230.47
 
TOTAL SALE 68 64,850.640 38 9,909.094 $4,267,542.04

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


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