CARLSBAD CURRENT ARGUS (ROYALTIES) – Representatives from the BLM’s Washington D.C. headquarters presented a check of over $460 million on Tuesday at the BLM’s Carlsbad Field Office.
The Bureau of Land Management’s September lease sale in Southeast New Mexico of federal land to the oil and gas industry generated about $972 million, with 48% of it going to the State of New Mexico.
Fed delivers a cool $460 million to NM for lease sales
