News Release
NOVEMBER MINERAL LEASE SALE ANNOUNCED BY BOARD
November 12, 1999
The State Mineral Board conducted a Lease Sale November 10, 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.
| NOMINATED | NOMINATED | LEASES | NO. OF | AMOUNT OF | |
| CLASSIFICATION | TRACTS | ACREAGE | AWARDED | ACRES | CASH PAYMENTS |
| Lease Sale November 10, 1999 | |||||
| State Offshore Leases | 12 | 11,096.370 | 2 | 1,613.780 | $337,530.01 |
| State Onshore Leases | 54 | 57,432.800 | 20 | 2,495.320 | 454,706.30 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 7 | 167.618 | 5 | 128.900 | 41,446.00 |
| TOTAL SALE | 73 | 68,696.788 | 27 | 4,238.000 | $833,682.31 |
| 1999-2000 Fiscal Year | |||||
| State Offshore Leases | 65 | 82,935.740 | 22 | 11,128.880 | $2,824,320.71 |
| State Onshore Leases | 190 | 191,630.890 | 73 | 11,533.432 | 2,312,172.80 |
| State Dedicated Leases | 4 | 5,106.510 | 2 | 328.660 | 183,634.36 |
| State Agency Leases | 29 | 5,625.583 | 21 | 2,582.856 | 259,420.62 |
| TOTAL YEAR TO DATE | 288 | 285,298.723 | 118 | 25,573.828 | $5,579,548.49 |
Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Rick Heck at (225) 342-6122.