State Mineral and Energy Board

State Mineral Board Holds February Lease Sale

Thursday, February 14, 2008

The State Mineral Board conducted its monthly Lease Sale on February 13, 2008, 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 over $433 thousand from the sale.

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

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

Lease Sale February 13, 2008
State Offshore Leases 1 2,399.110 0 0.000 $0.00
State Onshore Leases 22 7,539.800 9 709.980 $256,545.87
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Non-Dedicated Leases          
    Sabine Island WMA 0 0.000 0 0.000 $0.00
    White Lake Leases 0 0.000 0 0.000 $0.00
    State Agency Leases 5 1,306.720 4 697.720 $177,280.88
Total Sale 28 11,245.630 13 1,407.700 $433,826.75
         
2007-2008 Fiscal Year          
State Offshore Leases 67 122,884.410 26 19,667.080 $8,577,310.62
State Onshore Leases 273 242,161.024 111 22,576.932 $8,211,282.48
State Dedicated Leases 31 52,895.150 5 1,707.600 $665,146.37
State Non-Dedicated Leases          
    Sabine Island WMA 4 3,484.000 1 672.000 $272,160.00
    White Lake Leases 24 23,222.440 1 740.000 $900,950.00
    State Agency Leases 22 2,903.682 22 2,098.522 $804,700.23
Total Year to Date 421 447,550.706 166 47,462.134 $19,431,549.70

 

 

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