State Mineral and Energy Board

State Mineral Board July Results and other actions

Friday, July 30, 2004

 

The State Mineral Board conducted a Lease Sale July 14, 2004, at 10:00 a.m. in the Conservation and Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2003-2004 Fiscal Year totals.

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

Lease Sale July 14, 2004
State Offshore Leases 23 32,202.790 5 1,472.800 $429,308.19
State Onshore Leases 75 89,761.390 22 3,828.340 $1,290,911.33
State Dedicated Leases 12 18,317.650 2 200.000 $210,400.00
State Agency Leases     2        574.060   0        0.000              $0.00
Total Sale 112 140,855.890 29 5,501.140 $1,930,619.52
           
2004-2005 Fiscal Year          
State Offshore Leases 23 32,202.790 5 1,472.800 $429,308.19
State Onshore Leases 75 89,761.390 22 3,828.340 $1,290,911.33
State Dedicated Leases 12 18,317.650 2 200.000 $210,400.00
State Agency Leases     2        574.060   0        0.000              $0.00
Total Year to Date 112 140,855.890 29 5,501.140 $1,930,619.52

In other board action, Marjorie McKeithen of Baton Rouge was selected to serve as the vice chairman of the Mineral Board. McKeithen also introduced a resolution to streamline the schedule for nominating tracts for leasing. The time between nominating a tract and the actual lease sale will be reduced by approximately 28 to 30 days. According to Mineral Board Secretary Gus Rodemacher, the change will take effect with the February 9, 2005 lease sale nominations, and a schedule can be found on the Mineral Board website here.

 

 

Editors: For more information, contact Rick Heck at (225) 342-6122 or Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at (225) 342-4607.

 

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