Seal of the Louisiana Department of Natural Resources

News Release

Lease Sale Results for May Announced by Mineral Board
 

For Release
May 13, 2004

The State Mineral Board conducted a Lease Sale May 12, 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 May 12, 2004
State Offshore Leases 23 36,191.860 9 7,412.000 $1,799,660.60
State Onshore Leases 49 60,378.710 21 5,275.048 $1,406,930.00
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases   0          0.000   0         0.000            $0.000
Total Sale 72 96,570.570 30 12,678.048 $3,206,590.60
           
2003-2004 Fiscal Year          
State Offshore Leases 150 250,252.550 43 28,326.630 $7,218,063.72
State Onshore Leases 566 665,478.130 208 51,228.246 $13,847,140.20
State Dedicated Leases 37 53,168.350 11 5,009.770 $1,609,617.34
State Agency Leases   38    4,074.764   30   1,883,252      $415,928.06
Total Year to Date 791 972,973.794 292 86,447.898 $23,090,749.32
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.