Seal of the Louisiana Department of Natural Resources

News Release

Mineral Board Holds March Meeting
 

For Release
March 11, 2004

The State Mineral Board conducted a Lease Sale March 10, 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 March 10, 2004
State Offshore Leases 3 674.070 2 388.000 $135,800.00
State Onshore Leases 77 124,441.740       31 13,050.380 $2,489,130.43
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases   4    1,212.445   4     400.201    $148,879.22
Total Sale 84 126,328.255       37 13,838.581 $2,773,809.65
           
2003-2004 Fiscal Year          
State Offshore Leases 127 214,060.690 34 20,914.630 $5,418,403.12
State Onshore Leases 501 585,146.660      180 44,222.958 $12,104,754.79
State Dedicated Leases 33 45,440.190 10 4,208.170 $1,260,921.34
State Agency Leases   37    4,066.164   29   1,874,652     $413,769.46
Total Year to Date 698 848,713.704 253 71,220.410 $19,197,848.71
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.