News Release
State Mineral Board July Results and other actions
For Release
July 30, 2004
The State Mineral Board conducted a Lease Sale July 14, 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 July 14, 2004 |
|||||
| State Offshore Leases | 23 | 32,202.790 | 5 | 1,472.800 | $429,308.19 |
| State Onshore Leases | 75 | 89,761.390 | 22 | 3,828.340 | $1,290,911.33 |
| State Dedicated Leases | 12 | 18,317.650 | 2 | 200.000 | $210,400.00 |
| State Agency Leases | 2 | 574.060 | 0 | 0.000 | $0.00 |
| Total Sale | 112 | 140,855.890 | 29 | 5,501.140 | $1,930,619.52 |
| 2004-2005 Fiscal Year | |||||
| State Offshore Leases | 23 | 32,202.790 | 5 | 1,472.800 | $429,308.19 |
| State Onshore Leases | 75 | 89,761.390 | 22 | 3,828.340 | $1,290,911.33 |
| State Dedicated Leases | 12 | 18,317.650 | 2 | 200.000 | $210,400.00 |
| State Agency Leases | 2 | 574.060 | 0 | 0.000 | $0.00 |
| Total Year to Date | 112 | 140,855.890 | 29 | 5,501.140 | $1,930,619.52 |
In other board action, Marjorie McKeithen of Baton Rouge was selected to serve as the vice chairman of the Mineral Board. McKeithen also introduced a resolution to streamline the schedule for nominating tracts for leasing. The time between nominating a tract and the actual lease sale will be reduced by approximately 28 to 30 days. According to Mineral Board Secretary Gus Rodemacher, the change will take effect with the February 9, 2005 lease sale nominations, and a schedule can be found on the Mineral Board website here.