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For Release:
March 22, 2007

 

News Release

State Mineral Board Presents Lease Sale Figures

The State Mineral Board conducted its monthly Lease Sale on March 14, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

Below are the preliminary results of the lease sale and 2006-2007 Fiscal Year totals.

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

Lease Sale March 14, 2007
State Offshore Leases 3 3,775.200 3 1,116.970 $452,539.13
State Onshore Leases 17 16,501.120 13 1,767.530 $785,583.26
State Dedicated Leases 14 34,674.000 3 2,947.320 $1,206,752.16
State Agency Leases   2        60.475   2       60.475      $38,190.78
Total Sale 36 55,010.795 21 5,892.295 $2,483,065.33
           
2006-2007 Fiscal Year          
State Offshore Leases 79 128,690.900 34 11,991.701 $11,319,961.29
State Onshore Leases 386 373,070.084 196 54,023.190 $21,543,351.00
State Dedicated Leases 31 57,305.320 7 3,435.490 $1,408,603.82
State Agency Leases    50      9,300.281   32   1,951.076      $885,568.34
Total Year to Date 546 569,366.585 269 71,401.457 $35,157,484.45

Editors: For information, contact DNR Office of Mineral Resources Geologist Administrator Victor Vaughn at 225-342-7121 or Rick Heck at 225-342-6122.
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