News Release

April mineral lease sale brings approximately $773,000

The state Mineral Board on Wednesday conducted its monthly lease sale in the LaBelle Room of the LaSalle Office Building in Baton Rouge.

The board collected more than $773,000 in bonuses in the sale, bringing total collections on mineral leases for the financial year that began July 1, 2008 to $194.9 million.

In all, 9 leases covering 760 acres were awarded, out of 64 nominated tracts covering 69,535 acres.

The Board sold leases in four parishes – Cameron, Jefferson, Red River and Vermilion. The majority of activity in the April lease sale was in south Louisiana, with 5 of the 9 tracts leased located in Red River Parish.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale April 9, 2009
State Offshore Leases	12	25,700.600	0	0.000	$0.00
State Onshore Leases	32	27,261.680	8	754.780	$768,653.34
State Dedicated Leases	9	13,493.880	0	0	$0.00
State Agency Leases	11	3,079.400	1	5.290	$5,290.00
Total Sale	64	69,535.560	9	760.070	$773,943.34
NOTE: The totals for this sale do not reflect any options that may be exercised or revisions to acreage and cash amounts that may take place after this sale date which may cause these totals to change.
2008-2009 Fiscal Year
State Offshore Leases	101	159,704.909	36	12,710.680	$6,004,173.54
State Onshore Leases	548	504,965.216	237	48,996.582	$131,612,079.56
State Dedicated Leases	80	142,202.320	10	2,941.930	$1,427,739.21
State Agency Leases	221	24,643.813	44	3,619.112	$55,860,180.93
Total Year to Date	950	831,516.258	327	68,268.404	$194,904,173.24
NOTE: The Fiscal Year totals include this sale totals and also options exercised and revisions to acreage and cash amounts that may have taken place from the date of the last sale to this state lease sale.