January Lease Sale Reported by State Mineral Board

The State Mineral Board conducted a Lease Sale January 8, 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 January 8, 2003
State Offshore Leases	21	28,496.110	6	1,355.870	$688,795.99
State Onshore Leases	39	26,150.650	24	4,080.490	905,471.86
State Dedicated Leases	6	11,718.700	0	0.000	0.00
State Agency Leases	3	226.760	2	10.000	2,500.00
TOTAL SALE	69	66,592.220	33	5,682.720	$1,679,493.85

2002-2003 Fiscal Year
State Offshore Leases	141	186,009.645	31	9,344.680	$3,276,252.14
State Onshore Leases	568	824,954.761	162	48,860.880	10,600,555.01
State Dedicated Leases	11	21,429.330	2	549.080	199,996.00
State Agency Leases	16	1,692.998	14	643.624	190,856.35
TOTAL YEAR TO DATE	736	1,034,086.734	209	59,398.264	$14,267,659.50

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.