News Release
MINERAL BOARD HOLDS AUGUST 1999 LEASE SALE
August 13, 1999
The State Mineral Board conducted a Lease Sale August
11, 1999 at 10:00 a.m. in the Mineral Board Hearing Room located in the
State Land and Natural Resources Building in Baton Rouge. Below are the
preliminary results of the Lease Sale and 1999-2000 Fiscal Year totals.
CLASSIFICATION
NOMINATED
TRACTS
NOMINATED
ACREAGE
LEASES
AWARDED
NO.
OF ACRES
AMOUNT
OF CASH PAYMENTS
Lease
Sale August 11, 1999
State
Offshore Leases
14
17,580.620
9
2,989.510
$1,235,201.97
State
Onshore Leases
25
17,260.490
10
1,418.010
324,256.09
State
Dedicated Leases
1
433.330
0
0.000
0.00
State
Agency Leases
8
3,142.376
5
1,850.456
74,463.62
TOTAL
SALE
48
38,416.816
24
6,257.976
$1,633,921.68
1999-00
Fiscal Year
State
Offshore Leases
28
39,491.170
15
5,920.500
$1,729,210.29
State
Onshore Leases
54
43,343.040
22
3,714.570
753,465.20
State
Dedicated Leases
4
5,106.510
2
328.660
183,634.36
State
Agency Leases
10
3,800.645
5
1,850.456
74,463.62
TOTAL
YEAR TO DATE
96
91,741,365
44
11,814.186
$2,740,773.47
Editors: For more information, please contact the DNR Office of
Mineral Resources Gus Rodemacher at 225-342-4607 or Betty
Landry at 225-342-4964.