September 1998 Lease Sales Announced by Mineral Board

The State Mineral Board conducted a Lease Sale September 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.

	NOMINATED	NOMINATED	LEASES	NO. OF	AMOUNT OF
CLASSIFICATION	TRACTS	ACREAGE	AWARDED	ACRES	CASH PAYMENTS
Lease Sale September 9, 1998
State Offshore Leases	15	23,066.780	8	2,241.460	$485,936.13
State Onshore Leases	38	29,401.570	11	1,154.540	259,053.98
State Dedicated Leases	0	0.000	0	0.000	0.00
State Agency Leases	8	2,428.180	4	464.623	705,458.34

TOTAL SALE	61	54,896.530	23	3,860.623	$1,450,448.45

1998-99 Fiscal Year
State Offshore Leases	115	183,470.320	29	12,545.314	$5,608,007.73
State Onshore Leases	125	72,948.791	51	8,700.631	2,486,823.10
State Dedicated Leases	40	54,758.810	3	1,114.710	560,576.77
State Agency Leases	24	6,734.609	10	759.722	756,736.31

TOTAL YEAR TO DATE	264	317,912.530	93	23,120.377	$9,412,143.91

Editors: For more information, contact Gus Rodemacher at 225-342-4607.