State Mineral and Energy Board

September Mineral Lease Sale Yields $1.9 million

Thursday, September 20, 2007

The State Mineral Board conducted its monthly Lease Sale on August 8, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

According to Mineral Board Secretary Marjorie McKeithen, the state receives $1.9 million from the sale.

Below are the preliminary results of the lease sale and 2007-2008 Fiscal Year totals.

CLASSIFICATIONNOMINATED
TRACTS		NOMINATED
ACREAGE		LEASES
AWARDED		NO. OF
ACRES		AMOUNT OF
CASH PAYMENTS

Lease Sale September 12, 2007
State Offshore Leases 0 0.000 0 0.000 $0.00
State Onshore Leases 23 9,157.950 9 1,653.590 $754,681.43
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Non-Dedicated Leases          
    Sabine Island WMA 4 3,484.000 1 672.000 $272,160.00
    White Lake Leases 15 22,109.040 1 740.000 $900,950.00
    State Agency Leases   3       17.710   3      17.710       $8,451.58
Total Sale 45 34,768.700 14 3,083.300 $1,936,243.01
           
2007-2008 Fiscal Year          
State Offshore Leases 31 58,308.810 10 8,733.390 $1,470,385.77
State Onshore Leases 142 135,525.990 47 11,246.070 $4,271,805.55
State Dedicated Leases 13 16,460.000 1 779.910 $293,636.12
State Non-Dedicated Leases          
    Sabine Island WMA 4 3,484.000 1 672.000 $272,160.00
    White Lake Leases 15 22,109.040 1 740.000 $900,950.00
    State Agency Leases   14       336.761   9      223.101    $149,838.24
Total Year to Date 219 236,224.601 69 22,394.471 $7,358,775.68

 

Editors: For more information, contact DNR Office of Mineral Resources, Rick Heck at 225-342-6122.

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