State Mineral and Energy Board

State Mineral Board Lists May Lease Sale Data

Thursday, May 17, 2007

The State Mineral Board conducted its monthly Lease Sale on May 9, 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 $4.8 million from the sale.

Below are the preliminary results of the lease sale and 2006-2007 Fiscal Year totals.

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

Lease Sale May 9, 2007
State Offshore Leases 1 2.240 1 2.240 $3,180.80
State Onshore Leases 74 66,491.580 42 5,843.570 $4,701,949.22
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases   2      688.000   1     458.000    $139,181.62
Total Sale 77 67,181.820 44 6,303.810 $4,844,311.64
           
2006-2007 Fiscal Year          
State Offshore Leases 84 133,627.120 38 12,762.721 $11,847,087.09
State Onshore Leases 481 522,670.674 277 73,366.310 $29,991,074.25
State Dedicated Leases 52 57,306.320 7 3,436.490 $1,409,159.82
State Agency Leases   57   11,342.101   37   2,462.076   $1,040,120.96
Total Year to Date 674 724,946.215 360 92,027.597 $44,287,442.12
 
Note:  This press release data does not reflect future adjustments for acreage or cash payments.

 

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

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