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State Mineral Board Holds February Lease Sale
The State Mineral Board conducted its monthly Lease Sale on February 13, 2008, 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 over $433 thousand from the sale.
Below are the preliminary results of the February lease sale and 2007-2008 Fiscal Year totals.
| CLASSIFICATION | NOMINATED TRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
|
Lease Sale February 13, 2008 |
|||||
| State Offshore Leases | 1 | 2,399.110 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 22 | 7,539.800 | 9 | 709.980 | $256,545.87 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Non-Dedicated Leases | |||||
| Sabine Island WMA | 0 | 0.000 | 0 | 0.000 | $0.00 |
| White Lake Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 5 | 1,306.720 | 4 | 697.720 | $177,280.88 |
| Total Sale | 28 | 11,245.630 | 13 | 1,407.700 | $433,826.75 |
 |
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| 2007-2008 Fiscal Year | |||||
| State Offshore Leases | 67 | 122,884.410 | 26 | 19,667.080 | $8,577,310.62 |
| State Onshore Leases | 273 | 242,161.024 | 111 | 22,576.932 | $8,211,282.48 |
| State Dedicated Leases | 31 | 52,895.150 | 5 | 1,707.600 | $665,146.37 |
| State Non-Dedicated Leases | |||||
| Sabine Island WMA | 4 | 3,484.000 | 1 | 672.000 | $272,160.00 |
| White Lake Leases | 24 | 23,222.440 | 1 | 740.000 | $900,950.00 |
| State Agency Leases | 22 | 2,903.682 | 22 | 2,098.522 | $804,700.23 |
| Total Year to Date | 421 | 447,550.706 | 166 | 47,462.134 | $19,431,549.70 |