MARCH MINERAL LEASE SALE ANNOUNCED BY BOARD

The State Mineral Board conducted a Lease Sale March 8, 2000, 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 1999-2000 Fiscal Year totals.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale March 8, 2000
State Offshore Leases	19	23,262.440	7	5,560.170	$1,955,255.50
State Onshore Leases	44	42,240.730	24	4,523.570	898,793.67
State Dedicated Leases	0	0.000	0	0.000	0.00
State Agency Leases	3	883.357	3	803.357	195,972.11
TOTAL SALE	66	66,386.527	34	10,977.097	$3,050,021.28

1999-2000 Fiscal Year
State Offshore Leases	137	194,579.260	36	23,374.290	$6,258,879.18
State Onshore Leases	359	399,045.288	152	31,079.530	7,406,339.57
State Dedicated Leases	4	5,106.510	2	328.660	183,634.36
State Agency Leases	43	8,630.332	30	4,132.595	638,865.73

TOTAL YEAR TO DATE	543	607,361.390	220	58,915.075	$14,487,718.84

Editors: For more information, please call Gus Rodemacher at 342-4607 or Betty Landry at 342-3359.