STATE MINERAL BOARD REPORTS MARCH FIGURES

The State Mineral Board conducted a Lease Sale March 13, 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 March 13, 1996
State Offshore Leases        24     36,127.400    11    9,602.380  $2,308,567.90
State Onshore Leases         25     15,119.620    10    3,616.820     631,352.96
State Dedicated Leases        0          0.000     0        0.000           0.00
State Agency Leases           3         74.494     3       74.494      20,262.36

TOTAL SALE                   52     51,321.514    24   13,293.694  $2,960,183.22

1995-96 Fiscal Year
State Offshore Leases       222    313,805.320    82   68,529.110 $12,771,492.00
State Onshore Leases        379    437,641.584   157   70,667.934  11,340,715.51
State Dedicated Leases        0          0.000     0        0.000           0.00
State Agency Leases          22      3,031.090    18    1,376.181     364,238.89

TOTAL YEAR TO DATE          623    754,477.994   257  140,573.225
$24,476,446.40