Seal of the Louisiana Department of Natural Resources

News Release

December Mineral Lease Sale Results Issued
 

For Release
December 16, 2003

The State Mineral Board conducted a Lease Sale December 10, 2003, at 10:00 a.m. in the Conservation and Mineral Resources Hearing Room located in the LaSalle Office Building in Baton Rouge. Below are the preliminary results of the Lease Sale and 2003-2004 Fiscal Year totals.

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

Lease Sale December 10, 2003
State Offshore Leases 9 12,807.900 0 0.000 $0.00
State Onshore Leases 52 81,228.600 12 4,015.140 $1,215,447.81
State Dedicated Leases 10 12,919.260 2 1,563.000 $547,050.00
State Agency Leases   7       687.980   7    676.860      $75,469.04
Total Sale 78 107,643.740 21 6,225.000 $1,837,966.85
           
2003-2004 Fiscal Year
State Offshore Leases 68 113,239.380 21 11,420.870 $2,517,592.06
State Onshore Leases 311 345,268.960 113 23,024.850 $7,094,400.98
State Dedicated Leases 24 27,454.390 11 4,250.170 $1,267,221.34
State Agency Leases   23     1,278.619   17      933.211      $164,663.27
Total Year to Date 426 487,241.349 162 39,689.101 $11,043,877.65
Editors: For more information, contact Rick Heck at (225) 342-6122 or Assistant Secretary DNR Office of Mineral Resources Gus Rodemacher at (225) 342-4607.