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State Mineral Board lists January lease figures
The State Mineral Board conducted its monthly Lease Sale on January 9, 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 $2 million from the sale.
Below are the preliminary results of the January lease sale and 2007-2008 Fiscal Year totals.
| CLASSIFICATION | NOMINATED TRACTS | NOMINATED ACREAGE | LEASES AWARDED | NO. OF ACRES | AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
|
Lease Sale January 9, 2008 |
|||||
| State Offshore Leases | 3 | 5,957.340 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 40 | 25,090.836 | 17 | 4,850.796 | $1,103,484.48 |
| State Dedicated Leases | 14 | 31,303.150 | 1 | 553.140 | $193,599.00 |
| 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 | 265.500 | 1 | 183.000 | $28,365.00 |
| Solid Mineral Leases | Included in the 11/14/07 sale | Included in the 11/14/07 sale | 4 | 688.169 | $730,000.00 |
| Total Sale | 59 | 62,616.826 | 23 | 6,275.105 | $2,055,448.48 |
 |
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| 2007-2008 Fiscal Year | |||||
| State Offshore Leases | 65 | 120,485.300 | 26 | 19,667.080 | $8,577,310.62 |
| State Onshore Leases | 230 | 234,621.224 | 98 | 21,261.783 | $7,245,961.61 |
| 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 | 1,696.162 | 18 | 1,400.802 | $627,419.35 |
| Solid Mineral Leases | Included in total | Included in total | 4 | 688.169 | $730,000.00 |
| Total Year to Date | 376 | 436,404.276 | 153 | 46,137.434 | $19,018,947.95 |
| Note: The Fiscal Year totals include the Solid Mineral Leases advertised at the 11/14/07 State Lease Sale and accepted 01/09/08, but effective as of the 11/14/07 Sale date. | |||||