Office of Mineral Resources

State Mineral Lease Sale Held in February

Friday, February 22, 2002

Baton Rouge—The State Mineral Board conducted a Lease Sale February 13, 2002 at 10:00 a.m. in the Mineral Board Hearing Room located in the LaSalle Office Building in Baton Rouge. The Board will continue to conduct business on the First Floor of the Department of Natural Resources and the Department of Revenue's new home at 617 North 3rd Street. Below are the preliminary results of the Lease Sale and 2001-2002 Fiscal Year totals.

Classification Nominated Tracts Nominated Acreage Leases Awarded No. of Acres Amount of Cash Payments
Lease Sale February 13, 2002          
State Offshore Leases 3 4,760.600 0 0.00 $0.00
State Onshore Leases 6 6,163.200 3 1,838.000

567,290.00
State Dedicated Leases 2 1,588.000 0 0.000 0.00
State Agency Leases 0 0.000 0 0.000 0.00
           
TOTAL 11 12,511.800 3 1,838.000 $567,290.00
2001-2002 Fiscal Year          
State Offshore Leases 119 181,277.120 34 15,474.410 $4,090,599.30
State Onshore Leases 356 371,288.290 199 31,563.000 8,467,690.28
State Dedicated Leases 31 31,534.410 10 1,2266.490 587,824.05
State Agency Leases 18 3,480.508 12 960.264 291,097.80
           
TOTAL YEAR TO DATE 524 587,580.328 195 47,128.194 $13,437,211.43

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

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