September Mineral Lease Sale Yields $1.9 million

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.

CLASSIFICATION	NOMINATED 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.