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For Release:
November 14, 2006

 

News Release

State Mineral Board reports November lease sale data

The State Mineral Board conducted its monthly Lease Sale on November 8, 2006, at 11 a.m. in the Conservation and Mineral Resources Hearing Room of the LaSalle Office Building in Baton Rouge.

Below are the preliminary results of the lease sale and 2006-2007 Fiscal Year totals.

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

Lease Sale November 8, 2006
State Offshore Leases 13 18,750.190 1 1,133.880 $210,334.74
State Onshore Leases 56 42,294.120 25 14,427.230 $4,574,926.83
State Dedicated Leases 11 19,101.000 0 0.000 $0.00
State Agency Leases   8    4,184.015   2     128.720     $70,662.80
Total Sale 88 84,329.325 28 15,689.830 $4,855,924.37
           
2006-2007 Fiscal Year          
State Offshore Leases 49 75,904.490 11 5,297.200 $1,760,059.45
State Onshore Leases 242 236,699.160 118 35,102.706 $12,097,232.92
State Dedicated Leases 15 22,494.360 2 351.210 $171,851.66
State Agency Leases    27      6,412.491   14   1,061.666     $544,521.69
Total Year to Date 333 341,510.501 145 41,812.782 $14,573,665.72

Editors: For information, contact DNR Office of Mineral Resources Geologist Administrator Victor Vaughn at 225-342-7121 or Rick Heck at 225-342-6122.
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