SESSION 2025: 25% Royalty Rate Cap on Prime Oil & Gas Land Heads to the NM House

SESSION 2025: 25% Royalty Rate Cap on Prime Oil & Gas Land Heads to the NM House

ABQ Journal via Yahoo (Feb. 22, 2025) —Legislation increasing the maximum royalty rates charged for prime New Mexico oil and gas land is heading to the House after passing the Senate chamber Saturday on a 21-15 vote. A similar effort passed the House last year but...