State Mineral and Energy Board

STATE MINERAL BOARD ANNOUNCES MARCH LEASE DATA

Thursday, March 12, 1998

The State Mineral Board conducted a Lease Sale March 11, 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 1997-98 Fiscal Year totals.





CLASSIFICATION		 NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS
Lease Sale March 11, 1998
State Offshore Leases 6 9,673.910 1 424.730 $214,488.65
State Onshore Leases 41 28,481.150 23 3,930.346 1,064,346.40
State Dedicated Leases 0 0.000 0 0.000 0.00
State Agency Leases 6 38,155.060 2 1,501.330 208,601.06
TOTAL SALE 53 40,072.290 26 5,856.406 $1,487,436.11
 
1997-98 Fiscal Year
State Offshore Leases 112 172,440.240 32 14,385.668 $4,697,429.88
State Onshore Leases 379 334,185.400 153 41,947.896 10,913,351.13
State Dedicated Leases 1 2,254.000 1 870.000 270,570.00
State Agency Leases 38 5,768.862 20 2,613.750 528,620.20
TOTAL YEAR TO DATE 530 514,648.502 206 59,817.314 $16,409,971.21

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

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