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For Release:
July 15, 2005
News Release
July 2005 Lease Sale Announced by Mineral Board
The State Mineral Board conducted its monthly lease sale on July 13, 2005, at 10 a.m. in the Conservation and Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge.
Mineral Board Secretary Gus Rodemacher said this fiscal year’s start marks a significant increase in lease sale activity as compared to this time last year. He said there were 112 nominated tracts and 29 issued leases in the amount of $1,930,619 in FY 2004-05. This month, which marks the start of FY 2005-06, there were 148 nominated tracts and 50 issued leases at approximately $4.5 million. Below are the preliminary results of the lease sale.
| CLASSIFICATION | NOMINATED TRACTS |
NOMINATED ACREAGE |
LEASES AWARDED |
NO. OF ACRES |
AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
|
Lease Sale July 13, 2005 |
|||||
| State Offshore Leases | 23 | 21,960.560 | 3 | 1,039.880 | $742,717.28 |
| State Onshore Leases | 119 | 130,693.020 | 41 | 11,060.300 | $3,772,438.51 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 6 | 124.110 | 6 | 96.540 | $20,023.60 |
| Total Sale | 148 | 152,777.690 | 50 | 12,196.720 | $4,535,179.39 |
| 2005-2006 Fiscal Year | |||||
| State Offshore Leases | 23 | 21,960.560 | 3 | 1,039.880 | $742,717.28 |
| State Onshore Leases | 119 | 130,693.020 | 41 | 11,060.300 | $3,772,438.51 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Agency Leases | 6 | 124.110 | 6 | 96.540 | $20,023.60 |
| Total Year to Date | 148 | 152,777.690 | 50 | 12,196.720 | $4,535,179.39 |
| Note: 2005-2006 Fiscal Year totals do not include any "portions" that were leased after state lease sales. | |||||
Editors: For information, contact Rick Heck at
| DNR NEWS RELEASE ARCHIVE | PUBLIC INFORMATION OFFICE |