State Mineral Board Releases August Figures

Members of the Louisiana Mineral Board elected new officers for the upcoming year at its August meeting. David "Hal" Stiel, III of Franklin was named chairman of the state Mineral Board and Tom Arnold, Jr. of Harvey was elected vice-chairman. Stiel was appointed to the Mineral Board in 1996 while Arnold was appointed in 1997 by Governor Foster.

In addition, the State Mineral Board conducted its lease sale, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2003-2004 Fiscal Year totals.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale August 13, 2003
State Offshore Leases	12	20,607.200	5	2,030.940	$398,787.10
State Onshore Leases	7	6,250.170	6	937.000	191,711.72
State Dedicated Leases	0	0.000	0	0.000	0.00
State Agency Leases	1	117.590	1	117.590	24,223.54
TOTAL SALE	20	26,974.960	12	3,085.53	$614,422.36


2003-2004 Fiscal Year
State Offshore Leases	33	58,817.550	12	4,474.540	$1,020,869.10
State Onshore Leases	39	31,144.150	17	2,067.690	415,169.77
State Dedicated Leases	3	774.220	1	497.170	50,711.34
State Agency Leases	2	136.220	1	117.590	24,223.54
TOTAL YEAR TO DATE	77	90,872.140	31	7,156.990	$1,510,973.75

Editors: For more information, call Assistant Secretary of the DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607.