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Mineral Board Holds March 2005 Lease Sale
The State Mineral Board conducted its monthly Lease Sale on Wednesday, March 9, 2005, at 10 a.m. in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.
Below are the preliminary results of the lease sale.
| CLASSIFICATION | NOMINATED TRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
|
Lease Sale March 9, 2005 |
|||||
| State Offshore Leases | 19 | 30,333.480 | 1 | 879.030 | $212,790.60 |
| State Onshore Leases | 38 | 35,143.300 | 17 | 8,264.240 | $2,777,845.50 |
| State Dedicated Leases | 7 | 2,957.140 | 0 | 0.000 | $0.00 |
| State Agency Leases | 1 | 40.000 | 0 | 0.000 | $0.00 |
| Total Sale | 65 | 68,473.920 | 18 | 9,143.270 | $2,990,636.10 |
| 2004-2005 Fiscal Year | |||||
| State Offshore Leases | 131 | 199,970.960 | 50 | 19,466.630 | $9,046.088.91 |
| State Onshore Leases | 621 | 714,609.076 | 248 | 53,091.266 | $16,170,062.76 |
| State Dedicated Leases | 52 | 69,721.980 | 18 | 5,499.120 | $2,651,853.51 |
| State Agency Leases | 43 | 5,390.618 | 21 | 1,110.251 | $250,558.52 |
| Total Year to Date | 847 | 989,692.634 | 337 | 79,167.267 | $28,118,563.70 |