STATE MINERAL BOARD RELEASES APRIL REPORT ON LEASES

The State Mineral Board conducted a Lease Sale April 10, 1996 at 10:00 a.m. in the Mineral Board Hearing Room located in the State Land and Natural Resources Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 1995-96 Fiscal Year totals.

                        NOMINATED NOMINATED    LEASES    NO. OF       AMOUNT OF
CLASSIFICATION           TRACTS    ACREAGE    AWARDED   ACRES         CASH 
                                                                      PAYMENTS
Lease Sale April 11, 1996
State Offshore Leases        18     24,986.700     8    6,497.977  $1,478,943.32
State Onshore Leases         51     67,251.175    10    3,505.210     515,776.45
State Dedicated Leases        5     10,618.840     2    2,710.240     546,113.36
State Agency Leases          14      1,677.000    11      886.800     142,361.52

TOTAL SALE                   88    104,533.715    31   13,600.227  $2,683,194.65

1995-96 Fiscal Year
State Offshore Leases       239    337,456.620    90   75,015.927 $14,250,435.32
State Onshore Leases        430    504,892.759   167   74,173.144  11,856,491.96
State Dedicated Leases        5     10,618.840     2    2,710.240     546,113.36
State Agency Leases          36      4,708.090    29    2,262.981     506,600.41

TOTAL YEAR TO DATE          710    857,676.309   288  154,162.292
$27,159,641.05