New Mexico collects $65M from monthly lease sales in FY17
June 29, 2017
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month, 20 tracts covering almost 9 square miles (23 square kilometers) were initially offered but most ended up being withdrawn.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...