Alva Review-Courier -

New Mexico collects $65M from monthly lease sales in FY17

 


SANTA FE, N.M. (AP) — The State Land Office has collected more than $654,000 from its most recent monthly oil and gas lease sale, bringing the total for the fiscal year to more than $65 million.

Agency officials say that is almost double last year's total of $36 million.

This month, 20 tracts covering almost 9 square miles (23 square kilometers) were initially offered but most ended up being withdrawn.

Roswell-based Manzano LLC and Artesia-based Abo Empire LLC were the winning bidders of the two remaining tracts in Lea County.

Land Commissioner Aubrey Dunn says his office has exceeded bud...



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