State Mineral and Energy Board

NOVEMBER LEASE SALE CONDUCTED BY MINERAL BOARD

The State Mineral Board conducted a Lease Sale on November 12, 1997 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 November 12, 1997

State Offshore Leases	7	9,918.930	4	1,370.269	$390,111.29
State Onshore Leases	44	45,513.830	13	3,592.050	1,092,951.48
State Dedicated Leases	0	0.000		0	0.000		0.00
State Agency Leases	2	31.210		2	31.210		10,174.46

TOTAL SALE		53	55,463.970	19	4,993.539	$1,493,237.23

1997-98 Fiscal Year
State Offshore Leases	58	92,006.030	23	10,548.998	$3,654,152.15
State Onshore Leases	200	158,587.770	85	20,282.075	5,639,054.98
State Dedicated Leases	1	2,254.000	1	870.000		270,570.00
State Agency Leases	13	2,636.988	10	865.449		205,072.32

TOTAL YEAR TO DATE	272	255,484.788	119	32,566.522	$9,768,849.45

Editors: For more information, please contact the DNR Office of Mineral Resources, Gus Rodemacher at (504) 342-4607