STATE MINERAL BOARD ANNOUNCES OCTOBER 1997 LEASE DATA

The State Mineral Board conducted a Lease Sale October 8, 1997 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.

			NOMINATED  NOMINATED	LEASES	NO. OF   	AMOUNT OF
CLASSIFICATION		TRACTS	   ACREAGE	AWARDED	ACRES	       CASH PAYMENTS
Lease Sale October 8, 1997
State Offshore Leases	20	26,654.770	7	2,060.863	$841,205.95
State Onshore Leases	57	41,996.180	30	8,622.548	2,360,552.69
State Dedicated Leases	0	0.000		0	0.000		0.00
State Agency Leases	4	205.280		3	177.000		30,675.00

TOTAL SALE		81	68,856.230	40	10,860.411	$3,232,433.64

1997-98 Fiscal Year
State Offshore Leases	51	82,087.100	19	9,178.729	$3,264,040.86
State Onshore Leases	156	113,073.940	72	16,690.025	4,546,103.50
State Dedicated Leases	1	2,254.000	1	870.000		270,570.00
State Agency Leases	11	2,605.778	8	834.239		194,897.86

TOTAL YEAR TO DATE	219	200,020.818	100	27,572.993	$8,275,612.22

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