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April Lease Sale Reported by State Mineral Board
The State Mineral Board conducted a Lease Sale April 9, 2003, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below 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 April 9, 2003 |
|||||
|
State Offshore Leases |
12 |
22,102.880 |
2 |
1,602.260 |
$1,225,565.00 |
|
State Onshore Leases |
22 |
18,817.790 |
9 |
1,976.710 |
700,251.86 |
|
State Dedicated Leases |
5 |
12,500.000 |
3 |
1,959.350 |
699,487.95 |
|
State Agency Leases |
4 |
671.590 |
4 |
671.590 |
108,460.00 |
|
TOTAL SALE |
43 |
54,092.260 |
18 |
6,209.910 |
$2,733,764.81 |
|
2002-2003 Fiscal Year |
|||||
|
State Offshore Leases |
168 |
238,260.115 |
41 |
15,683.560 |
$6,156,574.90 |
|
State Onshore Leases |
657 |
904,118.241 |
206 |
54,001.170 |
12,296,179.00 |
|
State Dedicated Leases |
19 |
35,850.130 |
5 |
2,508.430 |
899,483.95 |
|
State Agency Leases |
23 |
2,419.128 |
21 |
1,369.754 |
312,252.99 |
|
TOTAL YEAR TO DATE |
867 |
1,180,647.614 |
273 |
73,562.914 |
$19,664,490.84 |
Editors: For more information, call Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.