State Mineral and Energy Board

State Mineral Board reports November lease sale data

Wednesday, November 17, 2004

The State Mineral Board conducted its monthly Lease Sale on Nov.10, 2004, at 10 a.m. in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

During the November meeting, State Mineral Board Chairman Scott Angelle announced the following committee appointments: Tract Evaluation committee: Kenny Bernhard, chairman and Paul West, vice-chairman; Fact Finding committee: Tom Arnold, chairman and Kenny Bernhard, vice-chairman; Royalty Accounting committee: Carol LeBlanc, chairman and Emile Cordaro, vice-chairman; Legal and Title Controversy committee: Marjorie McKeithen, chairman and Emile Cordaro, vice-chairman; and Docket Review committee: Peter Dangerfield, chairman and Paul Segura, vice-chairman.

Below are the preliminary results of the lease sale.

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

Lease Sale November 10, 2004
State Offshore Leases 16 21,251.390 10 4,407.060 $957,323.79
State Onshore Leases 55 55,537.173 20 3,517.133 $881,823.92
State Dedicated Leases 3 4,669.160 0 0.000 $0.00
State Agency Leases     2           5.870   1        2.870        $3,007.00
Total Sale 76 81,463.593 31 7,927.063 $1,842,154.71
           
2004-2005 Fiscal Year          
State Offshore Leases 78 111,285.640 40 14,092.050 $7,418,035.81
State Onshore Leases 401 526,567.408 150 28,978.208 $7,995,030.26
State Dedicated Leases 31 49,224.370 14 4,530.020 $2,113,283.33
State Agency Leases    14     2,181.403     9     323.423        $61,477.44
Total Year to Date 524 689,258.821 213 47,923.701 $17,587,826.84

Editors: For information, contact Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at225-342-4607.

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