News Release
February Lease Sale Reported by State Mineral Board
For Release
February 18, 2003
The State Mineral Board conducted a Lease Sale February 12, 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 February 12, 2003 |
|||||
| State Offshore Leases | 10 | 20,330.970 | 4 | 1,725.720 | $337,752.98 |
| State Onshore Leases | 24 | 19,169.410 | 8 | 454.450 | 105,714.50 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 2 | 40.400 | 2 | 40.400 | 9,387.50 |
| TOTAL SALE | 36 | 39,540.780 | 14 | 2,220.570 | $452,854.98 |
| 2002-2003 Fiscal Year | |||||
| State Offshore Leases | 151 | 206,340.615 | 35 | 11,071.050 | $3,614,412.21 |
| State Onshore Leases | 592 | 844,124.171 | 170 | 49,073.460 | 10,651,650.50 |
| State Dedicated Leases | 11 | 21,429.330 | 2 | 549.080 | 199,996.00 |
| State Agency Leases | 18 | 1,733.398 | 16 | 684.024 | 200,243.85 |
| TOTAL YEAR TO DATE | 772 | 1,073,627.514 | 223 | 61,377.614 | $14,666,302.56 |
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.