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State Mineral Lease Sale Held in February
Baton Rouge, - The State Mineral Board conducted a Lease Sale February 13, 2002 at 10:00 a.m. in the Mineral Board Hearing Room located in the LaSalle Office Building in Baton Rouge. The Board will continue to conduct business on the First Floor of the Department of Natural Resources and the Department of Revenue's new home at 617 North 3rd Street. Below are the preliminary results of the Lease Sale and 2001-2002 Fiscal Year totals.
| Classification | Nominated Tracts | Nominated Acreage | Leases Awarded | No. of Acres | Amount of Cash Payments |
| Lease Sale February 13, 2002 | |||||
| State Offshore Leases | 3 | 4,760.600 | 0 | 0.00 | $0.00 |
| State Onshore Leases | 6 | 6,163.200 | 3 | 1,838.000 |
567,290.00 |
| State Dedicated Leases | 2 | 1,588.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| TOTAL | 11 | 12,511.800 | 3 | 1,838.000 | $567,290.00 |
| 2001-2002 Fiscal Year | |||||
| State Offshore Leases | 119 | 181,277.120 | 34 | 15,474.410 | $4,090,599.30 |
| State Onshore Leases | 356 | 371,288.290 | 199 | 31,563.000 | 8,467,690.28 |
| State Dedicated Leases | 31 | 31,534.410 | 10 | 1,2266.490 | 587,824.05 |
| State Agency Leases | 18 | 3,480.508 | 12 | 960.264 | 291,097.80 |
| TOTAL YEAR TO DATE | 524 | 587,580.328 | 195 | 47,128.194 | $13,437,211.43 |
Editors: For more information, contact Assistant Secretary Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Betty Landry at 225-342-3359.