Seal of the Louisiana Department of Natural Resources

News Release

September Lease Sale Reported by State Mineral Board
 

For Release
September 25, 2003

The State Mineral Board conducted a Lease Sale September 10, 2003, 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 2003-2004 Fiscal Year totals.

CLASSIFICATION NOMINATED
TRACTS		 NOMINATED
ACREAGE		 LEASES
AWARDED		 NO. OF
ACRES		 AMOUNT OF
CASH PAYMENTS

Lease Sale September 10, 2003
State Offshore Leases 16 25,697.870 4 4,788.350 $963,121.20
State Onshore Leases 55 22,878.900 33 2,817.820 $618,981.57
State Dedicated Leases 0 0.000 0 0.000 $0.00
State Agency Leases   7     245.339   4      97.391      $28,527.19
Total Sale 78 48,822.109 41 7,703.561 $1,610,629.96
           
2003-2004 Fiscal Year          
State Offshore Leases 49 84,515.420 16 9,262.890 $1,983,990.30
State Onshore Leases 96 54,348.420 50 4,885.510 $1,034,151.34
State Dedicated Leases 1 497.170 1 497.170 $50,711.34
State Agency Leases    9       381.559   5     211.981      $52,750.73
Total Year to Date 155 139,742.569 72 14,857.551 $3,121,603.71
Editors: For more information, call Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at 225-342-4607 or Rick Heck at 225-342-6122.