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May Lease Sale Reported by State Mineral Board
Baton Rouge, - The State Mineral Board conducted a Lease Sale May 8, 2002 at 10:00 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 2001-2002 Fiscal Year totals.
| CLASSIFICATION | NOMINATED TRACTS |
NOMINATED ACREAGE |
LEASES AWARDED |
NO. OF ACRES |
AMOUNT OF CASH PAYMENTS |
| Lease Sale May 8, 2002 | |||||
| State Offshore Leases | 6 | 9,156.890 | 3 | 1,050.210 | $623,015.14 |
| State Onshore Leases | 49 | 58,862.220 | 24 | 5,465.490 | 2,049,404.10 |
| State Dedicated Leases | 1 | 4,433.366 | 0 | 0.000 | 0.00 |
| State Agency Leases | 2 | 367.500 | 0 | 0.000 | 0.00 |
| TOTAL SALE | 58 | 72,819.976 | 27 | 6,515.700 | $2,672,419.24 |
| 2001-2002 Fiscal Year | |||||
| State Offshore Leases | 164 | 233,471.540 | 50 | 23,624.830 | $6,262,028.55 |
| State Onshore Leases | 612 | 833,001.340 | 217 | 58,120.680 | 15,676,864.67 |
| State Dedicated Leases | 33 | 36,610.776 | 10 | 1,266.490 | 587,824.05 |
| State Agency Leases | 33 | 5,861.258 | 22 | 1,773.524 | 594,180.98 |
| TOTAL YEAR TO DATE | 842 | 1,108,944.914 | 299 | 84,785.524 | $23,120,898.25 |
Editors: For more information, call Assistant Secretary of the DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.