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MINERAL BOARD LEASE SALES RECORDED IN FEBRUARY
The State Mineral Board conducted a Lease Sale February 11, 1998 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 1997-98 Fiscal Year totals.
| CLASSIFICATION | NOMINATEDTRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
| Lease Sale February 11, 1998 | |||||
| State Offshore Leases | 30 | 50,855.230 | 6 | 2,461.230 | $583,980.66 |
| State Onshore Leases | 34 | 44,183.110 | 13 | 3,515.230 | 1,013,938.02 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 6 | 170.281 | 3 | 63.281 | 6,690.82 |
| TOTAL SALE | 70 | 95,208.621 | 22 | 6,039.741 | $1,604,609.50 |
| 1997-98 Fiscal Year | |||||
| State Offshore Leases | 106 | 162,766.330 | 31 | 13,960.938 | $4,482,941.23 |
| State Onshore Leases | 338 | 305,704.250 | 130 | 38,017.550 | 9,849,004.73 |
| State Dedicated Leases | 1 | 2,254.000 | 1 | 870.000 | 270,570.00 |
| State Agency Leases | 32 | 3,851.632 | 18 | 1,112.420 | 320,019.14 |
| TOTAL YEAR TO DATE | 477 | 474,576.212 | 180 | 53,960.908 | $14,922,535.10 |
Editors: For more information on the February meeting and these results, please contact DNR Assistant Secretary of the Office of Mineral Resources Gus Rodemacher at (504) 342-4607.