Seal of the Louisiana Department of Natural Resources

News Release

June Lease Sale Reported by State Mineral Board
 

For Release
June 17, 2003

The State Mineral Board conducted a Lease Sale June 11, 2003, at 10 a.m. in the Conservation & Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2002-2003 Fiscal Year totals.

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

Lease Sale June 11, 2003
State Offshore Leases 14 25,197.130 12 5,689.990 $1,920,265.14
State Onshore Leases 18 15,716.850 5 1,160.640 406,467.64
State Dedicated Leases 2 2,041.190 1 595.440 248,893.92
State Agency Leases   3       10.000   2       5.000         2,340.00
TOTAL SALE 37 42,965.170 20 7,451.070 $2,577,966.70
 
2002-2003 Fiscal Year
State Offshore Leases 169 238,875.565 41 15,683.560 $6,156,574.90
State Onshore Leases 729 1,019,778.091 228 56,743.990 12,915,361.01
State Dedicated Leases 19 35,850.130 5 2,508.430 899,483.95
State Agency Leases   24        2,536.718   21   1,369.754        312,252.99
TOTAL YEAR TO DATE 941 1,297,040.504 295 76,305.734 $20,283,672.85
 
Editors: For more information, call Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Sandra Bailey at 225-342-4608.