News Release
MINERAL BOARD HOLDS SEPTEMBER 1999 LEASE SALE
September 9, 1999
The State Mineral Board conducted a Lease Sale September
8, 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 September 8, 1999
State
Offshore Leases
9
16,263.080
2
1,775.270
$436,597.58
State
Onshore Leases
38
34,024.230
17
3,404.980
724,396.53
State
Dedicated Leases
0
0.000
0
0.000
0.00
State
Agency Leases
10
907.260
9
328.200
108,806.00
TOTAL
SALE
57
51,194.570
28
5,508.450
$1,269,800.11
1999-00
Fiscal Year
State
Offshore Leases
37
55,754.250
17
7,695.770
$2,165,807.87
State
Onshore Leases
92
77,367.270
39
7,119.550
1,477,861.73
State
Dedicated Leases
4
5,106.510
2
328.660
183,634.36
State
Agency Leases
20
4,707.905
14
2,178.656
183,269.62
TOTAL
YEAR TO DATE
153
142,935.935
72
17,322.636
$4,010,573.58
Editors: For more information, please contact the DNR Office of
Mineral Resources Sandra Bailey at 225-342-3093.