Seal of the Louisiana Department of Natural Resources

News Release

January Mineral Lease Sale Results Issued
 

For Release
January 15, 2004

The State Mineral Board conducted a Lease Sale January 14, 2004, at 10:00 a.m. in the Conservation and 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.

CLASSIFICATION NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS

Lease Sale January 14, 2004
State Offshore Leases 20 38,299.230 3 1,489.800 $436,073.94
State Onshore Leases 51 58,238.550 14 2,399.240 $729,978.01
State Dedicated Leases 4 5,604.360 0 0.000 $0.00
State Agency Leases   5       170.853   4     163.291      $43,704.00
Total Sale 80 102,312.993 21 4,052.331 $1,209,755.95
           
2003-2004 Fiscal Year
State Offshore Leases 88 151,538.610 24 12,910.670 $2,953,666.00
State Onshore Leases 362 403,507.510 127 25,424.090 $7,824,378.99
State Dedicated Leases 28 33,058.750 11 4,250.170 $1,267,221.34
State Agency Leases   28     1,449.472   21   1,156.502      $208,367.27
Total Year to Date 506 589,554.342 183 43,741.432 $12,253,633.60
Editors: For more information, contact Rick Heck at (225) 342-6122 or Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at (225) 342-4607.