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The State Mineral Board conducted its monthly Lease Sale on December 12, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.
According to Mineral Board Secretary Marjorie McKeithen, the state receives $2.4 million from the sale.
Below are the preliminary results of the December lease sale and 2007-2008 Fiscal Year totals.
| CLASSIFICATION | NOMINATED
TRACTS | NOMINATED
ACREAGE | LEASES
AWARDED | NO. OF
ACRES | AMOUNT OF
CASH PAYMENTS |
|
Lease Sale December 12, 2007
|
| State Offshore Leases |
22 |
31,061.630 |
8 |
6,405.630 |
$1,441,901.65 |
| State Onshore Leases |
22 |
16,471.320 |
10 |
2,056.360 |
$733,049.76 |
| State Dedicated Leases |
4 |
5,132.000 |
3 |
374.550 |
$177,911.25 |
| State Non-Dedicated Leases |
|
|
|
|
|
| Sabine Island WMA |
0 |
0.000 |
0 |
0.000 |
$0.00 |
| White Lake Leases |
0 |
0.000 |
0 |
0.000 |
$0.00 |
| State Agency Leases |
3 |
260.660 |
3 |
260.660 |
$60,465.50 |
| Total Sale |
51 |
52,925.610 |
24 |
9,097.200 |
$2,413,328.16 |
| |
|
|
|
|
|
| 2007-2008 Fiscal Year |
|
|
|
|
|
| State Offshore Leases |
69 |
114,527.960 |
25 |
19,490.450 |
$8,483,873.35 |
| State Onshore Leases |
224 |
209,530.388 |
81 |
16,445.987 |
$6,158,402.13 |
| State Dedicated Leases |
17 |
21,592.000 |
4 |
1,154.460 |
$471,547.37 |
| State Non-Dedicated Leases |
|
|
|
|
|
| Sabine Island WMA |
4 |
3,484.000 |
1 |
672.000 |
$272,160.00 |
| White Lake Leases |
24 |
23,222.440 |
1 |
740.000 |
$900,950.00 |
| State Agency Leases |
22 |
1,331.462 |
17 |
1,217.802 |
$599,054.35 |
| Total Year to Date |
360 |
373,688.250 |
129 |
39,720.699 |
$16,885,987.20 |
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