State Mineral and Energy Board
MINERAL BOARD'S APRIL LEASE SALE IS LARGEST SINCE 1981
Thursday, April 30, 1998
According to state Mineral Board secretary Gus Rodemacher, April's lease sale of $17,062,854 marked a record high. There were 182 tracts nominated this month, which constitutes the largest sale since September 1981 when the amount was $27,815,577, reported Rodemacher.
The State Mineral Board conducted a Lease Sale April 8, 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.
| NOMINATED | NOMINATED | LEASES | NO. OF | AMOUNT OF | |
| CLASSIFICATION | TRACTS | ACREAGE | AWARDED | ACRES | CASH PAYMENTS |
|
Lease Sale April 8, 1998
|
|||||
|
State Offshore Leases |
76 | 118,176.280 | 19 | 7,222.340 | $5,665,765.83 |
| State Onshore Leases | 58 | 14,361.910 | 23 | 3,085.960 | 1,269,179.55 |
| State Dedicated Leases | 42 | 64,431.270 | 12 | 9,671.070 | 10,039,787.93 |
| State Agency Leases | 6 | 1,425.890 | 6 | 756.180 | 88,120.96 |
| TOTAL SALE | 182 | 198,395.350 | 60 | 20,735.550 | $17,062,854.27 |
|
1997-98 Fiscal Year
|
|||||
| State Offshore Leases |
188 |
290,616.520 | 51 | 21,608.008 | $10,363,195.71 |
| State Onshore Leases | 437 | 348,547.310 | 176 | 45,033.856 | 12,182,530.68 |
| State Dedicated Leases | 43 | 66,685.270 | 13 | 10,541.070 | 10,310,357.93 |
| State Agency Leases | 44 | 7,194.752 | 26 | 3,001.100 | 724,004.83 |
| TOTAL YEAR TO DATE | 712 | 713,043.852 | 266 | 80,184.034 | $33,580,089.15 |
Editors: For more information, please contact DNR Assistant Secretary, Office of Mineral Resources Gus Rodemacher at (504) 342-4607.
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