News Release
Board Announces Jump in March Mineral Lease Sale
For Release
Revised April 18, 2002
The State Mineral Board conducted a Lease Sale March 13, 2002 at 10:00 a.m. in the Mineral Board Hearing Room located in the LaSalle Office Building in the Capitol Complex in downtown Baton Rouge. Below are the preliminary results of the Lease Sale and 2001-2002 Fiscal Year totals.
This month's lease sale jumped dramatically over totals from last month, reported Mineral Board Secretary Gus Rodemacher. In February there were eleven tracts nominated as compared to 215 tracts this month, he said. "Looking ahead at coming months, we are expecting continued fluctuation in the number of tracts nominated and income from the sales, Rodemacher said. There are 45 tracts nominated in April, 58 tracts in May, and 97 tracts in June.
This month's lease sale was $5.9 million.
|
CLASSIFICATION
|
NOMINATED
TRACTS |
NOMINATED
ACREAGE |
LEASES
AWARDED |
NO.
OF
ACRES |
AMOUNT
OF
CASH PAYMENTS |
|
Lease
Sale March 13, 2002
|
|||||
|
State
Offshore Leases
|
31 | 33,588.550 | 11 | 5,798.390 | $1,255,504.61 |
|
State
Onshore Leases
|
176 | 387,669.260 | 47 | 18,666.250 | 4,542,105.93 |
|
State
Dedicated Leases
|
1 | 643.000 | 0 | 0.000 | 0.00 |
|
State
Agency Leases
|
7 | 1,136.683 | 4 | 256.923 | 92,166.90 |
|
TOTAL
SALE
|
215 | 423,037.493 | 62 | 24,721.563 | $5,889,777.44 |
|
2001-2002
Fiscal Year
|
|||||
|
State Offshore Leases |
150 | 214,865.670 | 45 | 15,474.410 | $5,346,103.91 |
|
State
Onshore Leases
|
532 | 758,957.550 | 186 | 50,487.410 | 13,052,877.95 |
|
State
Dedicated Leases
|
32 | 32,177.410 | 10 | 1,266.490 | 587,824.05 |
|
State
Agency Leases
|
25 | 4,617.191 | 16 | 1,217.187 | 383,264.70 |
|
TOTAL
YEAR TO DATE
|
739 | 1,010,617.821 | 257 | 74,985.727 | $19,326,988.87 |
Editors: For more information call Assistant Secretary, DNR Office of Mineral Resources, Gus Rodemacher at 225-342-4607 or call Sandra Bailey at 225-342-4608.