State Mineral and Energy Board
November Lease Sale Reported by State Mineral Board
Tuesday, November 19, 2002
BATON ROUGE—The State Mineral Board conducted a Lease Sale November 13, 2002, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2002-2003 Fiscal Year totals.
| CLASSIFICATION | NOMINATED TRACTS |
NOMINATED ACREAGE |
LEASES AWARDED |
NO. OF ACRES |
AMOUNT OF CASH PAYMENTS |
|
Lease Sale November 13, 2002 |
|||||
| State Offshore Leases | 2 | 615.450 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 93 | 140,382.110 | 20 | 4,006.210 | 812,415.13 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 1 | 630.280 | 1 | 92.850 | 27,855.00 |
| TOTAL SALE | 96 | 141,627.840 | 21 | 4,099.060 | $840,270.13 |
| 2002-2003 Fiscal Year | |||||
| State Offshore Leases | 86 | 119,362.075 | 15 | 5,245.930 | $1,176,248.49 |
| State Onshore Leases | 447 | 692,362.821 | 121 | 41,422.910 | 8,870,533.89 |
| State Dedicated Leases | 1 | 2,371.000 | 1 | 312.720 | 117,270.00 |
| State Agency Leases | 11 | 1,431.238 | 10 | 598.624 | 174,216.34 |
| TOTAL YEAR TO DATE | 545 | 815,527.134 | 147 | 47,580.184 | $10,338,268.72 |