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December mineral lease sale brings approximately $2.3 million

Baton Rouge—The state Mineral and Energy 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 $2.3 million in bonuses in the December sale, bringing the total collected for FY 10-11 to more than $21.1 million. For the calendar year, that total is more than $47 million.

At this month’s lease sale, the board awarded 20 leases covering more than 4,300 acres, out of 51 nominated tracts covering more than 14,300 acres.

The Board sold leases in Acadia, Allen, Bienville, Cameron, Jefferson, Plaquemines, Sabine and Terrebonne parishes. Of the 20 tracts awarded, seven were in north Louisiana and 13 were located in the southern parishes.

CLASSIFICATION	NOMINATED TRACTS	NOMINATED ACREAGE	LEASES AWARDED	NO. OF ACRES	AMOUNT OF CASH PAYMENTS
Lease Sale December 8, 2010
State Offshore Leases	6	4,429.370	2	344.321	$120,301.26
State Onshore Leases	22	8,487.140	10	3,472.910	$2,029,507.65
State Dedicated Leases	12	472.850	0	0.000	$0.00
State Agency Leases	11	1,002.673	8	491.253	$224,635.83
Total Sale	51	14,392.033	20	4,308.484	$2,374,444.74
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.
2010 - 2011 Fiscal Year
State Offshore Leases	31	39,606.890	10	5,911.561	$1,362,533.22
State Onshore Leases	146	92,876.782	92	11,685.504	$14,127,631.86
State Dedicated Leases	19	13,405.900	0	0.000	$0.00
State Agency Leases	62	3,071.208	38	1,557.930	$5,618,103.89
Total Year to Date	258	148,960.780	140	19,154.995	$21,108,268.97
NOTE: The 2010 Calendar 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.