APRIL MINERAL LEASE SALE OF $6.2 MILLION ANNOUNCED BY BOARD

The State Mineral Board conducted a Lease Sale April 11, 2001, at 10 a.m. in the Mineral Board Hearing Room located in the State Land and Natural Resources Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2000-2001 Fiscal Year totals.

Mineral Board Secretary Gus Rodemacher said 99 tracts were nominated with 31 leases issued this month for a total of $6.2 million. He said this is the largest mineral lease sale since June 1998, when the sale was $13.7 million.

	NOMINATED	NOMINATED	LEASES	NO. OF	AMOUNT OF
CLASSIFICATION	TRACTS	ACREAGE	AWARDED	ACRES	CASH PAYMENTS
Lease Sale April 11, 2001
State Offshore Leases	41	62,554.930	6	8,537.890	$1,603,441.70
State Onshore Leases	36	35,364.920	23	7,999.970	$4,249,388.21
State Dedicated Leases	21	31,528.020	1	565.000	$294,365.00
State Agency Leases	1	160.000	1	160.000	$24,000.00

TOTAL SALE	99	129,607.870	31	17,262.860	$6,171,194.91

2000-2001 Fiscal Year
State Offshore Leases	226	344,137.770	51	29,872.367	$6,292,835.90
State Onshore Leases	516	576,608.313	235	68,706.676	$20,521,760.06
State Dedicated Leases	36	40,774.630	4	1,677.380	$835,490.29
State Agency Leases	43	10,831.886	20	1,116.950	$501,982.24

TOTAL YEAR TO DATE	821	972,352.599	310	101,373.373	$28,152,068.49

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-4608.