State Mineral Board Presents Lease Sale Figures

The State Mineral Board conducted its monthly Lease Sale on March 14, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

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

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale March 14, 2007
State Offshore Leases	3	3,775.200	3	1,116.970	$452,539.13
State Onshore Leases	17	16,501.120	13	1,767.530	$785,583.26
State Dedicated Leases	14	34,674.000	3	2,947.320	$1,206,752.16
State Agency Leases	2	60.475	2	60.475	$38,190.78
Total Sale	36	55,010.795	21	5,892.295	$2,483,065.33

2006-2007 Fiscal Year
State Offshore Leases	79	128,690.900	34	11,991.701	$11,319,961.29
State Onshore Leases	386	373,070.084	196	54,023.190	$21,543,351.00
State Dedicated Leases	31	57,305.320	7	3,435.490	$1,408,603.82
State Agency Leases	50	9,300.281	32	1,951.076	$885,568.34
Total Year to Date	546	569,366.585	269	71,401.457	$35,157,484.45

Editors: For information, contact DNR Office of Mineral Resources Geologist Administrator Victor Vaughn at225-342-7121 or Rick Heck at 225-342-6122.