LEASE SALES ANNOUNCED FOR MONTH OF NOVEMBER

The State Mineral Board conducted a Lease Sale November 13, 1996 at 10:00 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 1996-97 Fiscal Year totals.

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

Lease Sale November 13, 1996
State Offshore Leases        11     12,480.650   1    1,060.920     $289,631.16
State Onshore Leases         87     62,722.035  54   12,150.710    2,910,166.67
State Dedicated Leases        0          0.000   0        0.000            0.00
State Agency Leases          13      2,657.980   8    1,013.180      379,783.41

TOTAL SALE                   111     77,860.665  63   14,224.810   $3,579,581.24

1996-97 Fiscal Year
State Offshore Leases       122    153,485.759  48   37,828.344   $8,201,802.82
State Onshore Leases        237    105,393.690 137   26,274.470    8,255,558.41
State Dedicated Leases        0          0.000   0        0.000            0.00
State Agency Leases          35     12,906.938  16    3,922.392      967,199.71

TOTAL YEAR TO DATE          394    271,786.387 201   68,025.206  $17,424,560.94

Editors: For more information, please contact DNR's Office of Mineral Resources, Gus Rodemacher at (504) 342-4607.