Oil and gas royalty rate increase clears first hurdle The Citizen 11 months ago Senate Bill 23, the newest attempt at raising the oil and gas royalty rate, has passed through the Senate Conservation Committee. Source: The Business Journal Share this: Click to share on X (Opens in new window) X Click to share on Facebook (Opens in new window) Facebook Bill looks to up New Mexico's oil and gas royalty rate on 'premium' state landsDateJanuary 26, 2024In relation toPolvaderaApril's New Mexico State Land Office royalty earnings from oil and gas leases reach new highDateMay 4, 2021In relation toPolvaderaOklahoma gas company settles for millions over royalty payments on federal leases in New Mexico and WyomingDateSeptember 28, 2021In relation toPolvadera