MINERAL BOARD POSTS DECEMBER LEASE SALE

The State Mineral Board conducted a Lease Sale December 9, 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 1998-99 Fiscal Year totals.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale December 9, 1998
State Offshore Leases	9	10,020.290	2	325.710	$45,560.73
State Onshore Leases	48	56,220.690	12	2,407.350	585,568.65
State Dedicated Leases	0	0.000	0	0.000	0.00
State Agency Leases	4	1,823.460	2	7.640	19,823.44
TOTAL SALE	61	68,064.440	16	2,740.700	$650,952.82

1998-99 Fiscal Year
State Offshore Leases	143	207,595.800	40	16,049.614	$7,597,311.45
State Onshore Leases	261	232,933.141	100	16,969.321	4,995,002.75
State Dedicated Leases	40	54,758.810	3	1,114.710	560,576.77
State Agency Leases	33	9,795.169	16	1,640.632	1,043,567.64
TOTAL YEAR TO DATE	477	505,082.920	159	35,774.277	$14,196,458.61

Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-3093.