News Release

STATE MINERAL BOARD HOLDS JULY LEASE SALE

The State Mineral Board conducted a Lease Sale July 14, 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.

 

	NOMINATED	NOMINATED	LEASES	NO. OF	AMOUNT OF
CLASSIFICATION	TRACTS	ACREAGE	AWARDED	ACRES	CASH PAYMENTS
Lease Sale July 14, 1999
State Offshore Leases	14	21,910.550	6	2,930.990	$494,008.32
State Onshore Leases	29	26,082.550	12	2,296.560	429,209.11
State Dedicated Leases	3	4,673.180	2	330.380	183,634.36
State Agency Leases	2	658.269	0	0.000	0.00
TOTAL SALE	48	53,324.549	20	5,557.930	$1,106,851.79

Editors: For more information, please call DNR Assistant Secretary Office of Mineral Resources Gus Rodemacher at 225-342-4607.