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For Immediate Release:
August 21, 2007
News Release
State Mineral Board Holds August Lease Sale
The State Mineral Board conducted its monthly Lease Sale on August 8, 2007, in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.
According to Mineral Board Secretary Marjorie McKeithen, the state receives $2.8 million from the sale.
Below are the preliminary results of the lease sale and 2007-2008 Fiscal Year totals.
| CLASSIFICATION | NOMINATED TRACTS |
NOMINATED ACREAGE |
LEASES AWARDED |
NO. OF ACRES |
AMOUNT OF CASH PAYMENTS |
|---|---|---|---|---|---|
Lease Sale August 8, 2007 |
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| State Offshore Leases | 15 | 27,704.340 | 4 | 4,136.580 | $542,926.13 |
| State Onshore Leases | 52 | 69,894.920 | 20 | 5,693.570 | $1,984,847.68 |
| State Dedicated Leases | 13 | 16,460.000 | 1 | 779.910 | $293,636.12 |
| State Agency Leases | 4 | 233.841 | 3 | 176.841 | $71,165.36 |
| Total Sale | 84 | 114,293.101 | 28 | 10,786.901 | $2,892,575.29 |
| 2007-2008 Fiscal Year | |||||
| State Offshore Leases | 31 | 58,308.810 | 10 | 8,733.390 | $1,470,385.77 |
| State Onshore Leases | 119 | 126,368.040 | 38 | 9,592.480 | $3,517,124.12 |
| State Dedicated Leases | 13 | 16,460.000 | 1 | 779.910 | $293,636.12 |
| State Agency Leases | 11 | 319.051 | 6 | 205.391 | $141,386.66 |
| Total Year to Date | 174 | 201,455.901 | 55 | 19,311.171 | $5,422,532.67 |
Editors: For more information on this topic, call the DNR Office of Mineral Resources' Rick Heck at
| DNR NEWS RELEASE ARCHIVE | PUBLIC INFORMATION OFFICE |