News Release
DECEMBER MINERAL LEASE SALE ANNOUNCED BY BOARD
For Release
December 10, 1999
The State Mineral Board conducted a Lease Sale December 8, 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 December 8, 1999 | |||||
| State Offshore Leases | 12 | 18,974.360 | 3 | 2,675.330 | $582,610.90 |
| State Onshore Leases | 22 | 33,556.470 | 11 | 2,457.470 | 554,184.62 |
| State Dedicated Leases | 0 | 0.000 | 0 | 0.000 | 0.00 |
| State Agency Leases | 6 | 820.220 | 4 | 680.220 | 154,824.40 |
| TOTAL SALE | 40 | 53,351.050 | 18 | 5,813.020 | $1,291,619.92 |
|
|
|||||
| 1999-2000 Fiscal Year | |||||
| State Offshore Leases | 77 | 101,910.100 | 25 | 13,804.210 | $3,406,931.61 |
| State Onshore Leases | 212 | 225,157.360 | 84 | 13,990.902 | 2,866,357.42 |
| State Dedicated Leases | 4 | 5,106.510 | 2 | 328.660 | 183,634.36 |
| State Agency Leases | 35 | 6,445.803 | 25 | 3,263.076 | 414,245.02 |
| TOTAL YEAR TO DATE | 328 | 338,619.773 | 136 | 31,386.848 | $6,871,168.41 |
Editors: For more information, please call Gus Rodemacher at (225) 342-4607 or Betty Landry at (225) 342-3359.