State Mineral and Energy Board

State Mineral Board Presents June Lease Sale Data

Monday, June 18, 2007

The State Mineral Board conducted its monthly Lease Sale on June 13, 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 $4 million from the sale.

Below are the preliminary results of the lease sale and 2006-2007 Fiscal Year totals.

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

Lease Sale June 13, 2007
State Offshore Leases 14 19,799.620 7 1,644.310 $1,304,440.19
State Onshore Leases 71 111,690.320 21 5,534.740 $2,215,958.97
State Dedicated Leases 12 27,815.860 1 861.680 $347,050.24
State Agency Leases   2       57.398   2      57.398    $141,145.00
Total Sale 99 159,363.198 31 8,098.128 $4,008,594.40
           
2006-2007 Fiscal Year          
State Offshore Leases 98 153,426.740 45 14,407.031 $13,151,527.28
State Onshore Leases 552 634,360.994 298 78,901.050 $32,207,033.22
State Dedicated Leases 64 85,122.180 9 4,298.170 $1,756,210.06
State Agency Leases   59   11,399.499   39    2,519.474   $1,181,265.96
Total Year to Date 773 884,309.413 391 100,125.725 $48,296,036.52

 

Editors: For more information on this topic, call the DNR Office of Mineral Resources, Rick Heck, at 225-342-6122.

News Archives »