State Mineral and Energy Board

State Mineral Board welcomes new member at March meeting

Thursday, March 20, 2003

Gov. M.J. “Mike” Foster recently appointed Ernest S. Easterly, III, a Southern University law professor, to the State Mineral Board.  Easterly joined the ten-member board during its March mineral lease sale meeting.

Easterly holds a doctorate degree in geography and a law degree from Louisiana State University. He is a resident of Watson, La. and is a member of several professional organizations.

The State Mineral Board conducted its monthly lease sale on March 12, 2003, at 10:00 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge.

These are the preliminary results of the Lease Sale and 2002-2003 Fiscal Year totals:

 

CLASSIFICATION

NOMINATED
TRACTS

NOMINATED
ACREAGE

LEASES
AWARDED

NO. OF
ACRES

AMOUNT OF
CASH PAYMENTS

Lease Sale March 12, 2003

          

State Offshore Leases

5

9,816.620

4

3,010.250

$1,316,597.69

State Onshore Leases

43

41,176.280

27

2,951.000

944,276.64

State Dedicated Leases

3

1,920.800

0

0.000

0.00

State Agency Leases

1

14.140

1

14.140

3,549.14

TOTAL SALE

52

52,927.840

32

5,975.390

$2,264,423.47
 

2002-2003 Fiscal Year

State Offshore Leases

156

216,157.235

39

14,081.300

$4,931,009.90

State Onshore Leases

635

885,300.451

197

52,024.460

11,595,927.14

State Dedicated Leases

14

23,350.130

2

549.080

199,996.00

State Agency Leases

19

1,747.538

17

698.164

203,792.99

TOTAL YEAR TO DATE

824

1,126,555.354

255

67,353.004

$16,930,726.03

Editors: For more information, call DNR Assistant Secretary Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Betty Landry at 225-342-3359.

 

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