The Bureau of Land Management (BLM) New Mexico State Office has generated over $58.26 million in revenues through oil and gas lease sales for the most recent quarter, the Department of the Interior (DOI) said in a July 24 statement.
The revenue came from the lease sale of 16 parcels totaling roughly 7,501 acres and represents the “third highest value for highest bid/acre for a parcel for BLM,” it said. The revenues from lease rentals and bonus bids will be distributed between New Mexico and the federal government.
