Alva Review-Courier -

New Mexico earns $4M in latest oil and gas lease sale

 

April 21, 2017



SANTA FE, N.M. (AP) — The latest oil and gas lease sale has netted nearly $4 million for public schools and other beneficiaries.

The State Land Office said this month's sale attracted two dozen bidders from six states. Up for auction were 35 tracts covering nearly 9,000 acres in Eddy, Chaves and Lea counties in southeastern New Mexico.

With two months left in the fiscal year, revenues earned from monthly oil and gas lease sales have surpassed $61 million. Officials say earnings for the 2016 fiscal year totaled only $36 million.

Land Commissioner Aubrey Dunn says it's fortunate that intere...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020