News Release
MINERAL BOARD HOLDS OCTOBER 1999 LEASE SALE
October 15, 1999
The State Mineral Board conducted a Lease Sale October
13, 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 October 13, 1999
State
Offshore Leases
16
16,085.120
3
1,819.330
$320,982.83
State
Onshore Leases
44
56,830.820
14
1,918.562
379,604.77
State
Dedicated Leases
0
0.000
0
0.000
0.00
State
Agency Leases
2
750.060
2
275.300
34,705.00
TOTAL
SALE
62
73,666.000
19
4,013.192
$735,292.60
1999-00
Fiscal Year
State
Offshore Leases
53
71,839.370
20
9,515.100
$2,486,790.70
State
Onshore Leases
136
134,198.090
53
9,038.112
1,857,466.50
State
Dedicated Leases
4
5,106.510
2
328.660
183,634.36
State
Agency Leases
22
5,457.965
16
2,453.956
217,974.62
TOTAL
YEAR TO DATE
215
216,601.935
91
21,335,828
$4,745.866.18
Editors: For more information, please call Gus Rodemacher at (225)
342-4607 or Betty Landry at 342-4964.