State Mineral and Energy Board

State Mineral Board Holds August Lease Sale

Tuesday, August 21, 2007

The State Mineral Board conducted its monthly Lease Sale on August 8, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

According to Mineral Board Secretary Marjorie McKeithen, the state receives $2.8 million from the sale.

Below are the preliminary results of the lease sale and 2007-2008 Fiscal Year totals.

CLASSIFICATIONNOMINATED
TRACTS		NOMINATED
ACREAGE		LEASES
AWARDED		NO. OF
ACRES		AMOUNT OF
CASH PAYMENTS

Lease Sale August 8, 2007
State Offshore Leases 15 27,704.340 4 4,136.580 $542,926.13
State Onshore Leases 52 69,894.920 20 5,693.570 $1,984,847.68
State Dedicated Leases 13 16,460.000 1 779.910 $293,636.12
State Agency Leases   4       233.841   3      176.841     $71,165.36
Total Sale 84 114,293.101 28 10,786.901 $2,892,575.29
           
2007-2008 Fiscal Year          
State Offshore Leases 31 58,308.810 10 8,733.390 $1,470,385.77
State Onshore Leases 119 126,368.040 38 9,592.480 $3,517,124.12
State Dedicated Leases 13 16,460.000 1 779.910 $293,636.12
State Agency Leases   11       319.051   6      205.391    $141,386.66
Total Year to Date 174 201,455.901 55 19,311.171 $5,422,532.67

 

Editors: For more information on this topic, call the DNR Office of Mineral Resources' Rick Heck at 225-342-6122.

News Archives »