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MINERAL BOARD HOLDS AUGUST 1999 LEASE SALE
The State Mineral Board conducted a Lease Sale August 11, 1999 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 | NOMINATEDACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
| Lease Sale August 11, 1999 | |||||
| State Offshore Leases | 14 | 17,580.620 | 9 | 2,989.510 | $1,235,201.97 |
| State Onshore Leases | 25 | 17,260.490 | 10 | 1,418.010 | 324,256.09 |
| State Dedicated Leases | 1 | 433.330 | 0 | 0.000 | 0.00 |
| State Agency Leases | 8 | 3,142.376 | 5 | 1,850.456 | 74,463.62 |
| TOTAL SALE | 48 | 38,416.816 | 24 | 6,257.976 | $1,633,921.68 |
| 1999-00 Fiscal Year | |||||
| State Offshore Leases | 28 | 39,491.170 | 15 | 5,920.500 | $1,729,210.29 |
| State Onshore Leases | 54 | 43,343.040 | 22 | 3,714.570 | 753,465.20 |
| State Dedicated Leases | 4 | 5,106.510 | 2 | 328.660 | 183,634.36 |
| State Agency Leases | 10 | 3,800.645 | 5 | 1,850.456 | 74,463.62 |
| TOTAL YEAR TO DATE | 96 | 91,741,365 | 44 | 11,814.186 | $2,740,773.47 |
Editors: For more information, please contact the DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Betty Landry at 225-342-4964.