News Release
December Lease Sale Reported by State Mineral Board
For Release
December 17, 2002
The State Mineral Board conducted a Lease Sale December 11, 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 December 11, 2002 |
|||||
| State Offshore Leases | 34 | 38,151.460 | 10 | 3,059.190 | $1,482,377.77 |
| State Onshore Leases | 82 | 106,441.290 | 17 | 3,402.140 | 824,549.26 |
| State Dedicated Leases | 4 | 7,339.630 | 0 | 0.000 | 0.00 |
| State Agency Leases | 2 | 35.000 | 2 | 35.000 | 14,140.01 |
| TOTAL SALE | 122 | 151,967.380 | 29 | 6,496.330 | $2,321,067.04 |
| 2002-2003 Fiscal Year | |||||
| State Offshore Leases | 120 | 157,513.535 | 25 | 8,305.120 | $2,658,626.26 |
| State Onshore Leases | 529 | 798,804.111 | 138 | 44,780.440 | 9,695,083.15 |
| State Dedicated Leases | 5 | 9,710.630 | 1 | 312.720 | 117,270.00 |
| State Agency Leases | 13 | 1,466.238 | 12 | 633.624 | 188,356.35 |
| TOTAL YEAR TO DATE | 667 | 967,494.514 | 176 | 54,031.904 | $12,659,335.76 |
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.