News Release
APRIL MINERAL LEASE SALE OF $6.2 MILLION ANNOUNCED BY BOARD
For
Release
April 19, 2001
The State Mineral Board conducted a Lease Sale April 11, 2001, at 10 a.m. in the Mineral Board Hearing Room located in the State Land and Natural Resources Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2000-2001 Fiscal Year totals.
Mineral Board Secretary Gus Rodemacher said 99 tracts were nominated with 31 leases issued this month for a total of $6.2 million. He said this is the largest mineral lease sale since June 1998, when the sale was $13.7 million.
| NOMINATED | NOMINATED | LEASES | NO. OF | AMOUNT OF | |
| CLASSIFICATION | TRACTS | ACREAGE | AWARDED | ACRES | CASH PAYMENTS |
| Lease Sale April 11, 2001 | |||||
| State Offshore Leases | 41 | 62,554.930 | 6 | 8,537.890 | $1,603,441.70 |
| State Onshore Leases | 36 | 35,364.920 | 23 | 7,999.970 | $4,249,388.21 |
| State Dedicated Leases | 21 | 31,528.020 | 1 | 565.000 | $294,365.00 |
| State Agency Leases | 1 | 160.000 | 1 | 160.000 | $24,000.00 |
| TOTAL SALE | 99 | 129,607.870 | 31 | 17,262.860 | $6,171,194.91 |
| 2000-2001
Fiscal Year | |||||
| State Offshore Leases | 226 | 344,137.770 | 51 | 29,872.367 |
$6,292,835.90 |
| State Onshore Leases | 516 |
576,608.313 | 235 |
68,706.676 | $20,521,760.06 |
| State Dedicated Leases | 36 | 40,774.630 | 4 |
1,677.380 |
$835,490.29 |
| State Agency Leases | 43 | 10,831.886 | 20 | 1,116.950 | $501,982.24 |
| TOTAL YEAR TO DATE | 821 |
972,352.599 |
310 |
101,373.373 |
$28,152,068.49 |
Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Sandra Bailey at 342-4608.