News Release
August Lease Sale Reported by State Mineral Board
For Release
August 21, 2002
The State Mineral Board conducted a Lease Sale August 14, 2002, 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 12, 2002 |
|||||
| State Offshore Leases | 0 | 0.000 | 0 | 0.000 | $0.00 |
| State Onshore Leases | 75 | 133,414.800 | 22 | 4,799.220 | 1,075,478.68 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 6 | 233.479 | 5 | 224.705 | 65,750.23 |
| TOTAL SALE | 81 | 133,648.279 | 27 | 5,023.925 | $1,141,228.91 |
| 2001-2002 Fiscal Year | |||||
| State Offshore Leases | 39 | 44,173.450 | 5 | 1,018.700 | $404,801.70 |
| State Onshore Leases | 225 | 383,573.810 | 66 | 31,158.520 | 6,553,953.39 |
| State Dedicated Leases | 1 | 2,371.000 | 1 | 312.720 | 117,270.00 |
| State Agency Leases | 6 | 233.479 | 5 | 224.705 | 65,750.23 |
| TOTAL YEAR TO DATE | 271 | 430,351.739 | 77 | 33,155.395 | $7,141,775.32 |
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.