State Mineral and Energy Board

State Mineral Board lists January lease figures

Friday, January 11, 2008

The State Mineral Board conducted its monthly Lease Sale on January 9, 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 $2 million from the sale.

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

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

Lease Sale January 9, 2008
State Offshore Leases 3 5,957.340 0 0.000 $0.00
State Onshore Leases 40 25,090.836 17 4,850.796 $1,103,484.48
State Dedicated Leases 14 31,303.150 1 553.140 $193,599.00
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 2 265.500 1 183.000 $28,365.00
    Solid Mineral Leases Included in the 11/14/07 sale Included in the 11/14/07 sale 4 688.169 $730,000.00
Total Sale 59 62,616.826 23 6,275.105 $2,055,448.48
         
2007-2008 Fiscal Year          
State Offshore Leases 65 120,485.300 26 19,667.080 $8,577,310.62
State Onshore Leases 230 234,621.224 98 21,261.783 $7,245,961.61
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 1,696.162 18 1,400.802 $627,419.35
    Solid Mineral Leases Included in total Included in total 4 688.169 $730,000.00
Total Year to Date 376 436,404.276 153 46,137.434 $19,018,947.95
Note: The Fiscal Year totals include the Solid Mineral Leases advertised at the 11/14/07 State Lease Sale and accepted 01/09/08, but effective as of the 11/14/07 Sale date.

 

 

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