STATE MINERAL BOARD CONDUCTS OCTOBER LEASE SALES

The State Mineral Board conducted a Lease Sale October 9, 1996 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 1996-97 Fiscal Year totals.

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

Lease Sale October 9, 1996
State Offshore Leases                   51             74,963.564           6          4,299.094          
$1,856,819.17
State Onshore Leases         33     32,874.810             15           5,031.420  2,571,702.14
State Dedicated Leases                   0                  0.000           0              0.000                  
 0.00
State Agency Leases           6      2,860.532              4           1,570.792    292,009.32

TOTAL SALE                90    110,698.906             25          10,901.306
$4,720,530.63

1996-97 Fiscal Year
State Offshore Leases                  111            153,485.759          47              36,767.424  
        $7,912,171.66
State Onshore Leases        150    105,393.690             83          14,123.760      
5,345,391.74
State Dedicated Leases                   0                  0.000           0                   0.000             
      0.00
State Agency Leases          22     12,906.938              8           2,909.212        
587,416.30

TOTAL YEAR TO DATE                  283            271,786.387         138             
53,800.396          $13,844,979.70  

Editors: For more information, please contact DNR's Office of Mineral Resources,
Gus Rodemacher at (504) 342-4607.