STATE MINERAL BOARD RELEASES LEASE SALE TOTALS

The State Mineral Board conducted a Lease Sale June 12, 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 June 12, 1996
State Offshore Leases     19     28,345.960     4      633.553    $99,246.68
State Onshore Leases      26     38,115.180     9    4,792.930    800,839.21
State Dedicated Leases     1      1,299.510     1      329.560     66,406.34
State Agency Leases        2        672.480     1       32.000     16,160.00

TOTAL SALE                48    68,433.130   15     5,788.043    $982,652.23


1995-96 Fiscal Year
State Offshore Leases    263    373,869.210    97   77,787.340   $14,986,476.09
State Onshore Leases     486    574,777.169   191   87,585.764    16,893,613.08
State Dedicated Leases     6     11,918.350     3    3,039.800       612,519.70
State Agency Leases       39      5,440.570    30    2,294.981       522,760.41

TOTAL YEAR TO DATE       794    966,005.299  321  170,707.885  $33,015,369.28

Editors: For more information, please contact Gus Rodemacher, DNR Office of Mineral Resources at (504) 342-4607.