State Mineral and Energy Board
NOVEMBER MINERAL LEASE SALE ANNOUNCED BY BOARD
Friday, November 13, 1998
The State Mineral Board conducted a Lease Sale November 10, 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.
| NOMINATED | NOMINATED | LEASES | NO. OF | AMOUNT OF | |
| CLASSIFICATION | TRACTS | ACREAGE | AWARDED | ACRES | CASH PAYMENTS |
| Lease Sale November 10, 1998 | |||||
| State Offshore Leases | 4 | 2,658.630 | 1 | 143.000 | $25,025.00 |
| State Onshore Leases | 53 | 56,840.420 | 21 | 3,591.470 | 1,354,105.87 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 2 | 419.600 | 2 | 229.600 | 49,072.00 |
| TOTAL SALE | 59 | 59,918.650 | 24 | 3,964.070 | $1,428,202.87 |
| 1998-99 Fiscal Year | |||||
| State Offshore Leases | 134 | 197,575.510 | 38 | 15,723.904 | $7,551,750.72 |
| State Onshore Leases | 213 | 176,712.451 | 88 | 14,561.971 | 4,409,434.10 |
| State Dedicated Leases | 40 | 54,758.810 | 3 | 1,114.710 | 560,576.77 |
| State Agency Leases | 29 | 7,971.709 | 14 | 1,632.992 | 1,023,744.20 |
| TOTAL YEAR TO DATE | 416 | 437,018.480 | 143 | 33,033.577 | $13,545,505.79 |
Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-3093.
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