STATE MINERAL BOARD ANNOUNCES MARCH LEASE DATA

The State Mineral Board conducted a Lease Sale March 11, 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 1997-98 Fiscal Year totals.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale March 11, 1998
State Offshore Leases	6	9,673.910	1	424.730	$214,488.65
State Onshore Leases	41	28,481.150	23	3,930.346	1,064,346.40
State Dedicated Leases	0	0.000	0	0.000	0.00
State Agency Leases	6	38,155.060	2	1,501.330	208,601.06
TOTAL SALE	53	40,072.290	26	5,856.406	$1,487,436.11

1997-98 Fiscal Year
State Offshore Leases	112	172,440.240	32	14,385.668	$4,697,429.88
State Onshore Leases	379	334,185.400	153	41,947.896	10,913,351.13
State Dedicated Leases	1	2,254.000	1	870.000	270,570.00
State Agency Leases	38	5,768.862	20	2,613.750	528,620.20
TOTAL YEAR TO DATE	530	514,648.502	206	59,817.314	$16,409,971.21

Editors: For more information, please contact DNR Assistant Secretary Gus Rodemacher at (504) 342-4607.