News Release
October Lease Sale Reported by State Mineral Board
For
Release
October 15, 2002
(Rev. 10/31/2002)
The State Mineral Board conducted a Lease Sale October 9, 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 October 9, 2002 |
|||||
| State Offshore Leases | 16 | 33,134.490 | 7 | 3,467.240 | $624,379.66 |
| State Onshore Leases | 14 | 12,007.270 | 4 | 556.940 | 119,919.64 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 1 | 528.830 | 1 | 242.420 | 67,271.55 |
| TOTAL SALE | 31 | 45,670.590 | 12 | 4,266.600 | $811,570.85 |
| 2002-2003 Fiscal Year | |||||
| State Offshore Leases | 84 | 118,746.625 | 15 | 5,245.930 | $1,176,248.49 |
| State Onshore Leases | 354 | 551,980.711 | 101 | 37,416.700 | 8,058,118.76 |
| State Dedicated Leases | 1 | 2,371.000 | 1 | 312.720 | 117,270.00 |
| State Agency Leases | 10 | 800.958 | 9 | 505.774 | 146,361.34 |
| TOTAL YEAR TO DATE | 449 | 673,899.294 | 126 | 43,481.124 | $9,497,998.59 |
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.