NM Land Office lease sale brings in $4.89 million

The New Mexico State Land Office says this month's sale of oil and natural gas leases brought in nearly $5 million.

The September sales included 29 tracts of land that covered more than 8,000 acres in three counties in southeastern New Mexico. Officials say the September 2011 sale had brought in more than $9.9 million for 8,140 acres.

Revenues from the sales go toward public schools, universities and hospitals.

The State Land Office says the highest bid this month of $1.9 million was made by Energen Resources Corp. for 640 acres in Lea County.

The next lease sale will be Oct. 16.

NM Land Office lease sale brings in $4.89 million