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New Mexico sees record oil leases (again)

The U.S. Department of the Interior announced last week that the U.S. Bureau of Land Management’s Carlsbad Field Office auctioned off 142 land parcels in surrounding counties over a two-day period, which generated $972.8 million. Of that amount, 48 percent of the revenue, $466 million, will go to the state, with the remaining revenue going to the federal government.

The sale alone surpassed the BLM’s 2017…

Source: The Business Journal

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