State Mineral and Energy Board

July 2005 Lease Sale Announced by Mineral Board

Friday, July 15, 2005

The State Mineral Board conducted its monthly lease sale on July 13, 2005, at 10 a.m. in the Conservation and Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge.

Mineral Board Secretary Gus Rodemacher said this fiscal year’s start marks a significant increase in lease sale activity as compared to this time last year. He said there were 112 nominated tracts and 29 issued leases in the amount of $1,930,619 in FY 2004-05. This month, which marks the start of FY 2005-06, there were 148 nominated tracts and 50 issued leases at approximately $4.5 million. Below are the preliminary results of the lease sale.

CLASSIFICATIONNOMINATED
TRACTS		NOMINATED
ACREAGE		LEASES
AWARDED		NO. OF
ACRES		AMOUNT OF
CASH PAYMENTS

Lease Sale July 13, 2005
State Offshore Leases 23 21,960.560 3 1,039.880 $742,717.28
State Onshore Leases 119 130,693.020 41 11,060.300 $3,772,438.51
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases     6       124.110   6      96.540     $20,023.60
Total Sale 148 152,777.690 50 12,196.720 $4,535,179.39
           
2005-2006 Fiscal Year          
State Offshore Leases 23 21,960.560 3 1,039.880 $742,717.28
State Onshore Leases 119 130,693.020 41 11,060.300 $3,772,438.51
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases     6       124.110   6      96.540     $20,023.60
Total Year to Date 148 152,777.690 50 12,196.720 $4,535,179.39
           
Note: 2005-2006 Fiscal Year totals do not include any "portions" that were leased after state lease sales.

 

 

Editors: For information, contact Rick Heck at 225-342-6122 or DNR Assistant Secretary Office of Mineral Resources Gus Rodemacher at 225-342-4607.

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