Lease Sale Results for May Announced by Mineral Board

The State Mineral Board conducted a Lease Sale May 12, 2004, at 10:00 a.m. in the Conservation and Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2003-2004 Fiscal Year totals.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale May 12, 2004
State Offshore Leases	23	36,191.860	9	7,412.000	$1,799,660.60
State Onshore Leases	49	60,378.710	21	5,275.048	$1,406,930.00
State Dedicated Leases	0	0.000	0	0.000	$0.00
State Agency Leases	0	0.000	0	0.000	$0.000
Total Sale	72	96,570.570	30	12,678.048	$3,206,590.60

2003-2004 Fiscal Year
State Offshore Leases	150	250,252.550	43	28,326.630	$7,218,063.72
State Onshore Leases	566	665,478.130	208	51,228.246	$13,847,140.20
State Dedicated Leases	37	53,168.350	11	5,009.770	$1,609,617.34
State Agency Leases	38	4,074.764	30	1,883,252	$415,928.06
Total Year to Date	791	972,973.794	292	86,447.898	$23,090,749.32

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