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MINERAL BOARD HOLDS SEPTEMBER 1999 LEASE SALE
The State Mineral Board conducted a Lease Sale September 8, 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 | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
| Lease Sale September 8, 1999 | |||||
| State Offshore Leases | 9 | 16,263.080 | 2 | 1,775.270 | $436,597.58 |
| State Onshore Leases | 38 | 34,024.230 | 17 | 3,404.980 | 724,396.53 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 10 | 907.260 | 9 | 328.200 | 108,806.00 |
| TOTAL SALE | 57 | 51,194.570 | 28 | 5,508.450 | $1,269,800.11 |
| 1999-00 Fiscal Year | |||||
| State Offshore Leases | 37 | 55,754.250 | 17 | 7,695.770 | $2,165,807.87 |
| State Onshore Leases | 92 | 77,367.270 | 39 | 7,119.550 | 1,477,861.73 |
| State Dedicated Leases | 4 | 5,106.510 | 2 | 328.660 | 183,634.36 |
| State Agency Leases | 20 | 4,707.905 | 14 | 2,178.656 | 183,269.62 |
| TOTAL YEAR TO DATE | 153 | 142,935.935 | 72 | 17,322.636 | $4,010,573.58 |
Editors: For more information, please contact the DNR Office of Mineral Resources Sandra Bailey at 225-342-3093.