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For Immediate Release:
May 17, 2007
News Release
State Mineral Board Lists May Lease Sale Data
The State Mineral Board conducted its monthly Lease Sale on May 9, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.
According to Mineral Board Secretary Marjorie McKeithen, the state receives $4.8 million from the sale.
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 May 9, 2007 |
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| State Offshore Leases | 1 | 2.240 | 1 | 2.240 | $3,180.80 |
| State Onshore Leases | 74 | 66,491.580 | 42 | 5,843.570 | $4,701,949.22 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 2 | 688.000 | 1 | 458.000 | $139,181.62 |
| Total Sale | 77 | 67,181.820 | 44 | 6,303.810 | $4,844,311.64 |
| 2006-2007 Fiscal Year | |||||
| State Offshore Leases | 84 | 133,627.120 | 38 | 12,762.721 | $11,847,087.09 |
| State Onshore Leases | 481 | 522,670.674 | 277 | 73,366.310 | $29,991,074.25 |
| State Dedicated Leases | 52 | 57,306.320 | 7 | 3,436.490 | $1,409,159.82 |
| State Agency Leases | 57 | 11,342.101 | 37 | 2,462.076 | $1,040,120.96 |
| Total Year to Date | 674 | 724,946.215 | 360 | 92,027.597 | $44,287,442.12 |
| Note: This press release data does not reflect future adjustments for acreage or cash payments. | |||||
Editors: For more information on this topic, call the DNR Office of Mineral Resources, Rick Heck, at
| DNR NEWS RELEASE ARCHIVE | PUBLIC INFORMATION OFFICE |