News Release
January Lease Sale Reported by State Mineral Board
For Release
January 13, 2003
The State Mineral Board conducted a Lease Sale January 8, 2003, 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 2002-2003 Fiscal Year totals
| CLASSIFICATION | NOMINATED TRACTS |
NOMINATED ACREAGE |
LEASES AWARDED |
NO. OF ACRES |
AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
| Lease Sale January 8, 2003 |
|||||
| State Offshore Leases | 21 | 28,496.110 | 6 | 1,355.870 | $688,795.99 |
| State Onshore Leases | 39 | 26,150.650 | 24 | 4,080.490 | 905,471.86 |
| State Dedicated Leases | 6 | 11,718.700 | 0 | 0.000 | 0.00 |
| State Agency Leases | 3 | 226.760 | 2 | 10.000 | 2,500.00 |
| TOTAL SALE | 69 | 66,592.220 | 33 | 5,682.720 | $1,679,493.85 |
| 2002-2003 Fiscal Year | |||||
| State Offshore Leases | 141 | 186,009.645 | 31 | 9,344.680 | $3,276,252.14 |
| State Onshore Leases | 568 | 824,954.761 | 162 | 48,860.880 | 10,600,555.01 |
| State Dedicated Leases | 11 | 21,429.330 | 2 | 549.080 | 199,996.00 |
| State Agency Leases | 16 | 1,692.998 | 14 | 643.624 | 190,856.35 |
| TOTAL YEAR TO DATE | 736 | 1,034,086.734 | 209 | 59,398.264 | $14,267,659.50 |
Editors: For more information, call Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.