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2003 Bid Results

Official Summary of High Bids Accepted by NYS Dept. of Environmental Conservation for the 2003 State Land Lease Sale

The Department opened competitive sealed bids in conjunction with the 2003 state land lease sale on March 27, 2003 at 11:00 a.m. The sale included hydrocarbon leases on twenty-one (21) parcels which encompass over 26,500 acres of state land in Steuben and Schuyler Counties.

Area Common Names Acres Bid/Acre Bonus Bid Bid Winner
Schuyler SRA #2A North Sugar Hill State Forest 945.30 $382.61 $361,681.23 Fortuna Energy, Inc.
Schuyler SRA #2B South Sugar Hill State Forest 970.81 $413.12 $401,061.03 EOG Resources
Schuyler SRA #3 Texas Hollow State Forest 937.17 $52.50 $49,201.43 Fortuna Energy, Inc.
Steuben/Schuyler SRA#1 Cinnamon Lake State Forest 1,786.61 $262.11 $468,288.34 Fortuna Energy, Inc.
Steuben SRA #3 South Bradford State Forest 1,818.83 $487.33 $886,370.42 Fortuna Energy, Inc.
Steuben SRA #4 Cameron State Forest 1,990.00 $23.70 $47,163.00 Fortuna Energy, Inc.
Steuben SRA #6 Urbana State Forest 2,654.83 $61.63 $163,618.23 Cabot Oil & Gas, Inc.
Steuben SRA #7 Meads Creek State Forest 1,451.30 $211.21 $306,529.07 Fortuna Energy, Inc.
Steuben SRA #8 Birdseye Hollow State Forest 3,445.65 $52.50 $180,896.62 Fortuna Energy, Inc.
Steuben SRA #9 Beaver Dams State Forest 487.18 $231.05 $112,562.93 Fortuna Energy, Inc.
Steuben SRA #10 Moss Hill State Forest 1,831.64 $52.50 $96,161.10 Fortuna Energy, Inc.
Steuben SRA #11 Pigtail Hollow State Forest 997.91 $61.63 $61,502.19 Cabot Oil & Gas, Inc.
Steuben SRA #13 Dry Run State Forest 1,062.32 $168.08 $178,554.74 Fortuna Energy, Inc.
Steuben SRA #14 Erin Hollow State Forest 530.82 $587.04 $311,612.57 Fortuna Energy, Inc.
Steuben SRA #16 Tracy Creek State Forest 569.20 $40.50 $23,052.60 Phillips Production Company
Steuben SRA #18 Cameron Mills State Forest 545.61 $45.60 $24,880.82 Cabot Oil & Gas, Inc.
Steuben MUA #19 Burt Hill State Forest 402.96 $15.00 $6,044.40 Fortuna Energy, Inc.
Steuben SRA #20 Erin Mountain State Forest 506.69 $319.77 $162,024.26 Fortuna Energy, Inc.
Steuben SRA #21 McCarthy Hill State Forest 793.78 $108.67 $86,260.08 Fortuna Energy, Inc.
Steuben MUA #22 Mount Washington State Forest 440.42 $15.00 $6,606.30 Fortuna Energy, Inc.
Steuben Erwin WMA Wildlife Management Area 2,365.01 $272.50 $644,465.22 Fortuna Energy, Inc.
Grand Total 26,534.04 $4,578,536.59

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