State Mineral and Energy Board
MINERAL BOARD HOLDS OCTOBER 1999 LEASE SALE
Friday, October 15, 1999
The State Mineral Board conducted a Lease Sale October 13, 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 October 13, 1999 | |||||
| State Offshore Leases | 16 | 16,085.120 | 3 | 1,819.330 | $320,982.83 |
| State Onshore Leases | 44 | 56,830.820 | 14 | 1,918.562 | 379,604.77 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 2 | 750.060 | 2 | 275.300 | 34,705.00 |
| TOTAL SALE | 62 | 73,666.000 | 19 | 4,013.192 | $735,292.60 |
| 1999-00 Fiscal Year | |||||
| State Offshore Leases | 53 | 71,839.370 | 20 | 9,515.100 | $2,486,790.70 |
| State Onshore Leases | 136 | 134,198.090 | 53 | 9,038.112 | 1,857,466.50 |
| State Dedicated Leases | 4 | 5,106.510 | 2 | 328.660 | 183,634.36 |
| State Agency Leases | 22 | 5,457.965 | 16 | 2,453.956 | 217,974.62 |
| TOTAL YEAR TO DATE | 215 | 216,601.935 | 91 | 21,335,828 | $4,745.866.18 |
Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Betty Landry at 342-4964.
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