State Mineral and Energy Board

State Mineral Board Releases August Figures

Thursday, August 21, 2003

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.

CLASSIFICATIONNOMINATED
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.

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