N.M. Earns $6.5M in Oil and Gas Lease Sales

From boston.com -The New Mexico State Land Office says it earned $6.5 million during its monthly oil and gas lease sale. The state says 29 tracts in San Juan and Lea counties were offered for lease and all were sold on Jan. 17 in Santa Fe. The highest bid of $1.06 million went to Ronald Miles of Roswell for 320 acres in Lea County. Each month the land office offers tracts for oil and gas development. The proceeds go to help fund public schools, hospitals and universities.

N.M. Earns $6.5M in Oil and Gas Lease Sales