State Mineral and Energy Board

State Mineral Board Holds November Lease Sale

Wednesday, November 21, 2007

The State Mineral Board conducted its monthly Lease Sale on November 14, 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 $1.17 million from the sale.

Below are the preliminary results of the November lease sale and 2007-2008 Fiscal Year totals.

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

Lease Sale November 14, 2007
State Offshore Leases 7 8,363.000 3 990.790 $534,699.98
State Onshore Leases 34 30,162.240 14 1,975.679 $604,677.96
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   2       58.000   2      58.000      $32,477.00
Total Sale 43 38,583.240 19 3,024.469 $1,171,854.94
           
2007-2008 Fiscal Year          
State Offshore Leases 47 83,466.330 17 13,084.820 $7,041,971.70
State Onshore Leases 202 193,059.068 71 14,389.627 $5,425,352.37
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 24 23,222.440 1 740.000 $900,950.00
    State Agency Leases   19     1,070.802  14      957.142      $538,588.85
Total Year to Date 309 320,762.640 105 30,623.499 $14,472,659.04

Editors: For more information on this news release, call the DNR Public Information Office at 225-342-8955 or Marjorie McKeithen at 225-342-4607.

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